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Lloyd v. Argent Trust Company et al

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Case overview

Case Number:

1:22-cv-04129

Court:

New York Southern

Nature of Suit:

Labor: E.R.I.S.A.

Multi Party Litigation:

Class Action

Judge:

Denise L. Cote

Firms

  1. March 09, 2026

    BBQ Co. Execs, Trust Co. Settle Workers' ESOP Fight

    A New York-based barbecue chain's executives and the caretaker of the company's employee stock ownership plan have agreed to settle a class action from workers alleging ESOP mismanagement, the parties told a New York federal court Monday.

  2. February 17, 2026

    BBQ Co. ESOP Members Urge Trial Despite DOL's $15M Deal

    A certified class of participants in a barbecue company's employee stock ownership program is seeking assurance that a $15 million settlement among the U.S. Department of Labor, the company's executives and the ESOP's caretaker won't affect a coming trial on the matter. 

  3. February 02, 2026

    BBQ Co. Execs, Argent Settle $99M ESOP Fight With DOL

    Two executives for a New York barbecue chain and the company's employee stock ownership plan trustee have agreed to settle a lawsuit from the U.S. Department of Labor alleging that a $99 million stock purchase violated federal benefits law, according to a joint stipulation from the parties.

  4. January 02, 2023

    5 ERISA Cases To Keep An Eye On In 2023

    Appeals courts will get to decide whether arbitration agreements can nullify workers’ ability to sue on behalf of their retirement plan, and what it takes for a lawsuit claiming retirees lost savings due to excessive plan fees to survive a dismissal bid. Here are five Employee Retirement Income Security Act cases attorneys should watch in the New Year.

  5. December 12, 2022

    Trust Co. Wants 2nd Circ. To Look At ERISA Arbitration Denial

    A trust company wants the Second Circuit to review the company's push to force to individual arbitration proposed class claims that barbecue chain workers were overcharged for their employer's stock, less than a week after a trial court said the arbitration pact was unenforceable.

  6. December 06, 2022

    Argent Can't Arbitrate Suit Over $99M ESOP Buy

    A New York federal judge refused to send to arbitration a suit claiming Argent Trust let a barbecue chain's employee stock ownership plan overpay for company shares, ruling Tuesday that the plan's arbitration agreement is unenforceable because it denies rights afforded under federal benefits law.

  7. October 04, 2022

    Argent Says Workers' Stock Sale Suit Belongs In Arbitration

    Argent Trust urged a New York federal judge to boot a proposed class action alleging the firm allowed barbecue chain employees to overpay for their company's stock, saying the workers must individually arbitrate their claims and the recent addition of another plaintiff didn't change that.

  8. August 02, 2022

    Argent Says Arbitration Pacts Sink Suit Over $99M ESOP Sale

    A proposed class action from former barbecue chain workers who said Argent Trust Co. unlawfully let them overpay for their company's stock in a $99 million sale can't go forward because the ex-employees signed individual arbitration agreements, Argent told a New York federal court.

  9. May 20, 2022

    Argent Lost BBQ Restaurant Workers Millions, Lawsuit Says

    A former barbecue chain worker hit Argent Trust Co. with a proposed class action in New York federal court Friday, accusing it of violating federal benefits law and costing workers millions in retirement savings by letting them pay too much for their employer's stock.