$2M Aluminum Precision Products ESOP Class Action Settlement
Aluminum Precision Products has agreed to pay $2 million to settle an ERISA class action alleging its Employee Stock Ownership Plan overpaid for company stock. Once the portal goes live, current and former ESOP participants are expected to receive automatic payments based on their account records.
Who Will Qualify?
Based on court filings, eligibility is expected to include:
- Current or former Aluminum Precision Products employees who participated in the company ESOP
- Payments are expected to be automatic based on ESOP account records once the portal opens
- Expected claim portal: APPESOPSettlement.com (not yet live)
- Sign up below for alerts when filing begins
Official settlement website: https://www.appesopsettlement.com — expected to go live around APPESOPSettlement.com portal launch.
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What Happened?
Aluminum Precision Products was sued in an ERISA class action alleging the company's Employee Stock Ownership Plan fiduciaries approved transactions that overpaid for company stock, reducing retirement benefits for plan participants. ESOP litigation has grown as courts hold plan fiduciaries to strict standards when valuing employer stock in employee retirement plans.
The company agreed to pay $2 million to settle while denying wrongdoing. The settlement administrator has not yet activated the official portal at APPESOPSettlement.com.
Last reviewed: June 22, 2026 | SuitAlert will update this page when the claims portal opens.