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Violation Tracker Individual Record

Company: Raydon Corporation
Penalty: $2,400,000
Year: 2022
Date: February 17, 2022
Offense Group: employment-related offenses
Primary Offense: benefit plan administrator violation
Secondary Offense: pension ERISA violation
Violation Description: Raydon agreed to pay $2.4 milllion to settle litigation alleging it sold shares to an employee stock ownership plan at inflated prices.
Level of Government: federal
Action Type: private litigation
Court: Middle District of Florida
Civil or Criminal Case: civil
Case ID: 6:18cv2090
Case Name: Woznicki v. Raydon Corporation et al
Private Lawsuit Resolution Type: settlement
Source of Data: (click here)
Link to PACER Case Docket (must be logged in): (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.