Are you a participant in the Fitzgerald Auto Mall Employee Stock Ownership Plan (ESOP)?1 If so, you may be owed compensation for financial losses to the ESOP.
On January 31, 2023, the ESOP purchased the company for approximately $440 million. Following the sale, the value of the company’s stock dropped by almost 97% from the stock price the ESOP paid, per Department of Labor filings. As of January 2024, the stock price was still less than 11% of the price the ESOP paid.
If you worked for Fitzgerald Auto Mall for at least one year after January 31, 2022, you may have a claim for losses. Please complete our contact form if you’re interested in learning more. You may also email paralegal Doron Hadar or reach us by phone at 202-408-4671.
If you have already retained a lawyer for this matter, please disregard this communication. Any endorsement in this advertisement does not constitute a guarantee, warranty, or prediction regarding the outcome of your legal matter. Prior results do not guarantee a similar outcome. Attorney Daniel Sutter (admitted only in DC and MD) of the law firm Cohen Milstein Sellers & Toll PLLC, in Washington, DC is investigating this matter. Cohen Milstein’s principal office is located at 1100 New York Avenue NW, Suite 800, Washington, DC 20005, phone number 202-408-4600.
1 The official name of the ESOP is the JJF Management Services Inc. ESOP.