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- Day Zero Guide
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A California based company on a mission to grow the wealth of everyday Americans. Zolidar is the easy button for employee ownership.

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Do Not Sell or Share My Personal Information

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What happened in the Bradford Hammacher Group ESOP lawsuit? - The Grid Answers

What happened in the Bradford Hammacher Group ESOP lawsuit?

Published on 2026-10-19 | Last edited on 2026-10-19

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In 2013 the ESOP of The Bradford Hammacher Group, the Niles, Illinois parent of The Bradford Exchange, bought 100% of the company. A participant later sued the ESOP's trustee, Reliance Trust Company, alleging the plan paid $100 million for stock worth $43.4 million. The case settled in 2020 for about $13.4 million paid to participants.

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