How much does the Flat Rock ESOP Settlement pay?

The total settlement fund is $1.8M. Actual amounts depend on how many valid claims are filed — most settlements divide a fixed fund pro rata, so a higher claim rate means a smaller individual check. An "up to" figure is a cap, not a guarantee.

What is the claim deadline for the Flat Rock ESOP Settlement?

This settlement is closed to new claims — the deadline was March 30, 2026. Once a claim deadline passes you generally forfeit your share, even if you qualified.

Is the Flat Rock ESOP Settlement notice real, or a scam?

Claims are filed at flatrockesopsettlement.com. Filing a class action claim is always free — no legitimate settlement charges you to claim, and no administrator will ask for payment, a gift card, or your full Social Security number by email or text. If a notice asks for any of those, it is not from the administrator. When in doubt, ignore the link you were sent and go to the official settlement website directly.

When will payments from the Flat Rock ESOP Settlement be sent?

Class action payouts typically take 12 to 24 months after the claim deadline, and longer if the settlement is appealed. The final approval hearing for this case is set for April 20, 2026; no payments can be issued before a settlement receives final approval.

Claims closedemployment

Flat Rock ESOP Settlement

This settlement is closed to new claims — the deadline was March 30, 2026. You can still see what it was about and follow the case in court below. Looking for money you can still claim? Browse open settlements →

What happened

The Flat Rock Metal and Bar Processing Employee Stock Ownership Plan (ESOP) allegedly overpaid for SAC Ventures, Inc. stock in a November 24, 2020 transaction in violation of the Employee Retirement Income Security Act of 1974 (ERISA). The defendants deny all claims and make no admission of wrongdoing.

Do you qualify?

All participants in the Flat Rock Metal and Bar Processing Employee Stock Ownership Plan and the beneficiaries of such participants as of November 24, 2020, or any time thereafter, whether or not they were vested. Defendants are excluded.

How to file

Class members with active ESOP accounts will automatically receive their settlement payment in their ESOP account. Class members without an active ESOP account and not in pay status must submit a Settlement Payment Election Form by March 30, 2026, to receive their payment by check or retirement account rollover. Class members in pay status will receive payment according to the plan recordkeeper's election on file. No specific proof of purchase is mentioned as required.

Common questions

How much does the Flat Rock ESOP Settlement pay?: The total settlement fund is $1.8M. Actual amounts depend on how many valid claims are filed — most settlements divide a fixed fund pro rata, so a higher claim rate means a smaller individual check. An "up to" figure is a cap, not a guarantee.
What is the claim deadline for the Flat Rock ESOP Settlement?: This settlement is closed to new claims — the deadline was March 30, 2026. Once a claim deadline passes you generally forfeit your share, even if you qualified.
Is the Flat Rock ESOP Settlement notice real, or a scam?: Claims are filed at flatrockesopsettlement.com. Filing a class action claim is always free — no legitimate settlement charges you to claim, and no administrator will ask for payment, a gift card, or your full Social Security number by email or text. If a notice asks for any of those, it is not from the administrator. When in doubt, ignore the link you were sent and go to the official settlement website directly.
When will payments from the Flat Rock ESOP Settlement be sent?: Class action payouts typically take 12 to 24 months after the claim deadline, and longer if the settlement is appealed. The final approval hearing for this case is set for April 20, 2026; no payments can be issued before a settlement receives final approval.

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This summary was generated from public settlement documents and may contain errors. Confirm eligibility, deadlines, and payment terms on the official settlement website before filing. ClaimWatch is not a law firm and this is not legal advice. Filing a claim is free.

Claim deadline: March 30, 2026
Settlement fund: $1.8M
Class period: November 24, 2020 – …
Final hearing: April 20, 2026
Case: Bonds v. Heeter, et al.
Case number: 2:23-cv-12045-MAG-DRG
Court: United States District Court for the Eastern District of Michigan, Southern Division

Official settlement website →

Case status & court docket

Federal court in MichiganMore from Michigan

United States District Court for the Eastern District of Michigan, Southern Division

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