ATTORNEY ADVERTISING
Are you a participant in the H.C. Wainwright & Co. Employee Stock Ownership Plan (ESOP)? If so, you may be owed compensation for financial losses to the ESOP.
According to filings with the Department of Labor, through a series of transactions between 2019 and 2021, the ESOP purchased the company for approximately $525 million. As of December 31, 2024, the fair market value of the company was reported in government filing as approximately $216 million. We are examining whether the ESOP paid more than fair market value and entered into transaction terms that violate the Employee Retirement Income Security Act (ERISA).
If you are an ESOP participant, we would like to hear about your personal experience working at H.C. Wainwright and any information you may have relevant to our investigation. To learn more, please complete our form and we will be in touch. You may also email paralegal Doron Hadar or reach us by phone at 202-408-4671.
Submission of this form is for the purposes of inquiry only and does not create a binding attorney/client relationship. Prior results do not guarantee a similar outcome.
Daniel R. Sutter (admitted only in Maryland and the District of Columbia) is investigating this matter. Daniel is a partner at Cohen Milstein and a member of our Employee Benefits practice. Read more about Daniel.