Wilson Electric Services Corp. ESOP

We are representing participants in a putative class action in Andrews v. Wilson Electric Services Corp., et al. (D. Ariz. May 1, 2024). Our clients are participants in the Wilson Electric Services Corp. ESOP. We allege that the ESOP’s fiduciaries violated their duties under ERISA by holding millions of dollars of the Plan’s assets in very conservative assets for many years. Had the ESOP been prudently managed and those funds properly invested, participants would have more in their accounts. We are seeking to recover these losses on behalf of ESOP participants. 

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If you were a participant in this ESOP and wish to learn more about this case, share information, or believe you may have a claim, please email our lead attorney on this case, Mark Thomson. You can also learn more about our ESOP practice.