On October 17, 2025, the U.S. District Court for the Eastern District of California granted preliminary approval to a proposed $2.5 million settlement with all Defendants in Chea v. Lite Star ESOP Committee, et al. The final approval hearing is scheduled for January 21, 2026. If it becomes final, the settlement will provide substantial compensation for the participants in the Lite Star ESOP, which is sponsored by B-K Lighting, Inc. Plaintiff Linna Chea alleged that the ESOP payment more than fair market value for B-K Lighting stock purchased from Douglas Hagen in 2017. For more information about this case, please contact Dan Feinberg.
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