Our firm is investigating the Employee Stock Ownership Plan (ESOP) for Advanced Call Center Technologies, LLC (ACT). We believe that ACT employees may have lost millions of dollars in retirement savings held in the ESOP.
In 2021, the owners of ACT sold their stock to their employees through the ESOP. Based on publicly available documents that ACT filed with the Department of Labor, the ESOP paid $320 million for the company. At the end of 2021, however, the stock was worth $25.9 million, less than 10% of the purchase price.
Have you worked for ACT for at least two years since 2021? If so, you may have a legal claim resulting from these ESOP losses—and may be able to obtain compensation. If you are interested in learning more about this investigation, please complete the contact form on this page. You may also email paralegal Doron Hadar, or call us at 202-408-4600.
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. No representation is made that the quality of the legal services to be performed is greater than the quality of legal services performed by other lawyers. Prior results do not guarantee a similar outcome. Attorneys Michelle Yau (admitted in DC and MA), Jacob Schutz (admitted in MN), and Ryan Wheeler (admitted in CA and DC) of Washington, DC-based law firm Cohen Milstein Sellers & Toll PLLC are investigating this matter.