Russelectric ESOP Settlements Total $14.55 Million for Former Plan Participants, Paid Automatically
Checked October 14, 2026 against the official notice · Edited by Ferhat Abdullahoglu
Free to check. We remind you before deadlines. You file on the official site.
The Russell family defendants, Argent Trust Company, Denise Wyatt and Dennis Long agreed to settlements totaling $14.55 million over the Russelectric employee stock ownership plan (ESOP). Former ESOP participants and beneficiaries do not need to file a claim: if the court approves, the administrator mails each person's share by check (or rolls it over to a retirement account if a Rollover Form is sent before the November 16, 2026 hearing), with shares set by the court-approved plan of allocation.
Who qualifies
“The Settlement Class (whose members are "Settlement Class Members") includes all participants and beneficiaries of the Russelectric ESOP who received a benefit when the Russelectric ESOP terminated.”From the court-approved notice
How to file
There's nothing to file: class members are paid automatically once the settlement is final.
Key dates
When settlements pay, and what can delay it.
Is this settlement legit?
Yes. It's a court-approved class action settlement. The official site is russelectricesopsettlement.com. You never pay to file a claim. How to check a settlement notice.
Related settlements
ClaimWell summarizes the official notice so it's easier to read. It isn't legal advice; the official settlement site is the authority on who qualifies and what each claim pays.