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.
The Bureau of Labor Statistics reported in May the all-items inflation index surged 8.6% over the past year, the highest increase since 1981.