Class Certification Granted in Cunningham v. Wawa, Inc.

On July 2, 2019, the U.S. District Court for the Eastern District of Pennsylvania granted Plaintiffs’ motion to certify a class of participants and beneficiaries in the Wawa, Inc. Employee Stock Ownership Plan (the “Wawa ESOP”). A copy of the Court’s decision can be found here. Plaintiffs claim that Defendants violated ERISA in several ways by amending the Wawa ESOP to take away their right to hold Wawa stock through age 68 and forced them to sell their shares at an unfair price. Coverage of the case by Law 360 is available here. For more information, contact Dan Feinberg at dan@feinbergjackson.com.