$22.5M Dallas BBQ ESOP ERISA Class Action Settlement
Dallas BBQ has agreed to pay $22.5 million to settle an ERISA class action alleging its Employee Stock Ownership Plan overpaid for company stock. If you are a current or former Dallas BBQ employee who participated in the ESOP, you will receive an automatic payment based on your ESOP records — no claim form required.
Do I Qualify?
You may be eligible if:
- Current and former employees of Dallas BBQ restaurants who participated in the company's Employee Stock Ownership Plan (ESOP)
- You were harmed when the ESOP allegedly overpaid for Dallas BBQ stock
- Payments are distributed automatically based on ESOP account records
- Submit a rollover form by July 24, 2026 if you want payment rolled to an IRA
No claim form is required. Payments are automatic based on ESOP records. A rollover form is required by July 24, 2026 only if you want funds rolled to an IRA or other retirement account.
File your claim through the official settlement website.
File Your Claim →What Happened?
Dallas BBQ, a chain of New York City casual dining restaurants, was sued under the Employee Retirement Income Security Act for allegedly causing its Employee Stock Ownership Plan to overpay for Dallas BBQ stock. The lawsuit alleged that ESOP fiduciaries allowed the plan to purchase company stock at inflated prices, harming employees who had their retirement savings tied up in the ESOP.
ERISA fiduciary lawsuits involving ESOPs have become increasingly common as courts have held plan fiduciaries to strict standards when handling employee retirement assets. Dallas BBQ agreed to pay $22.5 million to settle the class action, with payments distributed automatically to affected ESOP participants.
How Much Will I Actually Get?
Payments are automatic based on ESOP account records — no claim form is required for the distribution itself. However if you want your payment rolled over to an IRA or another retirement account to avoid taxes, you must submit a rollover form by July 24, 2026. Check the official settlement page for rollover instructions.
Last updated: June 18, 2026 | Information verified from court records and official settlement documents.