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STL homebuilder, others reach $16.5M settlement in ownership dispute

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St. Louis-area homebuilder McBride Homes and others reached a $16.5 million settlement in an ownership dispute case.

A class-action lawsuit alleged McBride executives acquired stakes in the company without notifying or compensating employee-owners.

Defendants included McBride & Son Capital Inc., the employee stock ownership plan's current sponsor, and McBride CEO John Eilermann Jr.

Read more from the St. Louis Business Journal.

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