Brandon Imber, individually and on behalf of all others similarly situated v. Bruce Lackey, Pam Lackey, Lackey Family Trust, Cole Scharton, The Administrative Committee of the People Business Employee Stock Ownership Plan, Miguel Paredes, Rich Roush, Del Thacker, Richard Deyoung, and Ritchie Trucking Service Holdings, Inc.

CourtDistrict Court, E.D. California
DecidedDecember 23, 2025
Docket1:22-cv-00004
StatusUnknown

This text of Brandon Imber, individually and on behalf of all others similarly situated v. Bruce Lackey, Pam Lackey, Lackey Family Trust, Cole Scharton, The Administrative Committee of the People Business Employee Stock Ownership Plan, Miguel Paredes, Rich Roush, Del Thacker, Richard Deyoung, and Ritchie Trucking Service Holdings, Inc. (Brandon Imber, individually and on behalf of all others similarly situated v. Bruce Lackey, Pam Lackey, Lackey Family Trust, Cole Scharton, The Administrative Committee of the People Business Employee Stock Ownership Plan, Miguel Paredes, Rich Roush, Del Thacker, Richard Deyoung, and Ritchie Trucking Service Holdings, Inc.) is published on Counsel Stack Legal Research, covering District Court, E.D. California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Brandon Imber, individually and on behalf of all others similarly situated v. Bruce Lackey, Pam Lackey, Lackey Family Trust, Cole Scharton, The Administrative Committee of the People Business Employee Stock Ownership Plan, Miguel Paredes, Rich Roush, Del Thacker, Richard Deyoung, and Ritchie Trucking Service Holdings, Inc., (E.D. Cal. 2025).

Opinion

1 2 3 4 5 6 7 8 UNITED STATES DISTRICT COURT 9 FOR THE EASTERN DISTRICT OF CALIFORNIA 10 11 BRANDON IMBER, individually and on Case No. 1:22-cv-00004-HBK behalf of all others similarly situated, 12 ORDER GRANTING PLAINTIFF’S Plaintiff, UNOPPOSED MOTION FOR FINAL 13 APPROVAL OF CLASS ACTION v. SETTLEMENT1 14 BRUCE LACKEY, PAM LACKEY, (Doc. No. 186) 15 LACKEY FAMILY TRUST, COLE SCHARTON, THE ADMINISTRATIVE ORDER GRANTING PLAINTIFF’S 16 COMMITTEE OF THE PEOPLE UNOPPOSED MOTION FOR ATTORNEYS’ BUSINESS EMPLOYEE STOCK FEES AND REMINBURSEMENT OF 17 OWNERSHIP PLAN, MIGUEL EXPENSES PAREDES, RICH ROUSH, DEL 18 THACKER, RICHARD DEYOUNG, (Doc. No. 188) AND RITCHIE TRUCKING SERVICE 19 HOLDINGS, INC., ORDER GRANTING PLAINTIFF’S UNOPPOSED MOTION FOR SERVICE 20 Defendants, AWARD 21 (Doc. No. 179) and 22 PEOPLE BUSINESS EMPLOYEE 23 STOCK OWNERSHIP PLAN,

24 Nominal Defendant 25 26 27 1 Both parties have consented to the jurisdiction of a magistrate judge, in accordance with 28 U.S.C. 28 §636(c)(1). (Doc. No. 130). 1 Pending before the Court is Plaintiff Brandon Imber’s (“Plaintiff” or “Imber”) Motion for 2 Final Approval of Class Settlement (Doc. No. 186), Motion for Attorneys’ Fees and 3 Reimbursement of Expenses (Doc. No. 188), and Motion for Service Award (Doc. No. 179). 4 (together, “Motions”). Filed in support of the Motion for Final Approval of Class Settlement is 5 the declaration of Class Counsel, R. Joseph Barton (“Counsel”). (Doc. No. 186-2). Filed in 6 support of the Motion for Attorneys’ Fees and Reimbursement of Expenses is the declaration of 7 Counsel (Doc. No. 188-2), time records from The Barton Firm and Counsel’s former firm Block 8 and Leviton (Doc. Nos. 188-3, 188-4, Exhs. A, B), the declaration of Daniel Fienberg (Doc. No. 9 188-5), and the declaration of Gregory Y. Porter (Doc. No. 188-6). And filed in support of 10 Plaintiff’s Motion for Service Award is the declaration of class representative Brandon Imber. 11 (Doc. No. 179-2). 12 On December 19, 2025, the Court held a hearing on Plaintiff’s Motions. (Doc. No. 201). 13 Attorney R. Joseph Barton appeared on behalf of Plaintiff. Attorney Timothy Schowe appeared 14 on behalf of Defendants Pam Lackey and Bruce Lackey. Attorneys William C. Hahesy and Dale 15 C. Campbell appeared on behalf of Defendant Lackey Family Trust. Attorney Ronald K. Alberts 16 appeared on behalf of Defendants Cole Scharton, Rick Roush, Del Thacker, Richard Deyoung, 17 Ritchie Trucking Service Holdings, Inc., the Administrative Committee of the People Business 18 Employee Stock Ownership Plan, and the People Business Employee Stock Ownership Plan. 19 appeared on behalf of Defendants. (Id.). Attorney Richard J. Pearl appeared on behalf of 20 Defendant Miguel Paredes. Mr. Imber, the named Plaintiff and class representative appeared. 21 (Id.). No objectors appeared. Defense Counsel represented that Defendants have no opposition 22 to the requested attorneys’ fees, administrative expenses, or service award at the hearing. (Id). 23 Defense Counsel did raise a concern at the hearing to certain language regarding the “releases” 24 section of Plaintiff’s proposed order accompanying the motion for final approval of the class 25 settlement. (Id.). The Parties were directed to submit any additional documents or arguments 26 they wished the Court to consider before noon on December 22, 2025. (Id.). After the hearing, 27 on December 19, 2025, Defendants filed an “Amended Notice of Submission by Defendants of 28 Revised [Proposed] Order Granting Final Approval of the Class Action Settlement” notifying the 1 Court and counsel for Plaintiff that they filed a revised proposed order incorporating “the changes 2 agreed to by all parties to Paragraph 26 and using the Plaintiff’s language in Paragraph 23.” 3 (Doc. No. 203). 4 Having considered the moving papers, declarations, attached exhibits, and applicable law, 5 as well as the Court’s file, the Court grants the Motions to the extent set forth herein. 6 BACKGROUND 7 The Court’s September 19, 2025 Order granting the motion for class certification for the 8 purposes of settlement and the motion for preliminary settlement approval described the 9 background and procedural history of this action in detail. (Doc. No. 177 at 2-6). The Court 10 briefly summarizes the pertinent matters here. 11 Plaintiff filed the present action on December 30, 2021, on behalf of himself and others 12 similarly situated. (Doc. No. 1, “Complaint”). Plaintiff and the proposed class members were 13 participants in or beneficiaries of the People Business Employee Stock Ownership Plan 14 (“ESOP”), an employee pension benefit plan covered by the Employee Retirement Income 15 Security Act of 1974 (“ERISA”), from December 31, 2018, or at any time thereafter until 16 December 31, 2024. The Complaint asserts seven claims against Defendants2 for their respective 17 roles in alleged violations under ERISA, as amended, 29 U.S.C. § 1001 et seq., in connection 18 with the December 31, 2018 sale of 2,000,000 shares of common stock of Ritchie Trucking 19 Service Holdings, Inc. (“Ritchie Holdings”) to the People Business Employee Stock Ownership 20 Plan (“ESOP”) for $19,543,000 (the “2018 Transaction”). 21 Count I: Engaging in prohibited transaction forbidden by ERISA § 406(a), 29 U.S.C. § 22 1106(a), against Defendant Paredes, the Selling Shareholder Defendants and the Committee 23 Defendants. (Id. ¶¶ 83-92). 24 Count II: Engaging in prohibited transaction forbidden by ERISA § 406(b), 29 U.S.C. § 25 1106(a)-(b), against Selling Shareholder Defendants. (Id. ¶¶ 93-101). 26 2 As clarified in the Motion for Preliminary Settlement Approval, the “Trustee” is defined as Defendant 27 Paredes, the “Committee Defendants” consist of Bruce Lackey, Pam Lackey, and Cole Scharton, the “Director Defendants” include Defendants DeYoung, Roush and Thacker, and the “Selling Shareholders” 28 are Bruce Lackey, Pam Lackey, and the Lackey Family Trust. (Doc. No. 158-1 at 10). 1 Count III: Breach of fiduciary duty under ERISA § 404(a)(1)(A), (B) and (D), 29 U.S.C. § 2 1104(a)(1)(A), (B) and (D) against Defendant Paredes and the Committee Defendants. (Id. ¶¶ 3 102-114). 4 Count IV: Breach of fiduciary duty under ERISA § 404(a)(1)(A), (B) and (D), 29 U.S.C. § 5 1104(a)(1)(A), (B) and (D) against Defendant Paredes and the Committee Defendants to remedy 6 or correct the 2018 Transaction. (Id. ¶¶ 115-121). 7 Count VI: Breach of fiduciary duty under ERISA § 404(a)(1)(A), (B) and (D), 29 U.S.C. § 8 1104(a)(1)(A), (B) and (D) against the Director Defendants for failure to monitor the Trustee and 9 Committee Defendants. (Id. ¶¶ 136-146). 10 Count VII: Co-fiduciary liability under ERISA § 405, 29 U.S.C. § 1105, against the 11 Director Defendants, Committee Defendants, and Defendant Paredes. (Id. ¶¶ 147-157). 12 Count VIII: Violation of ERISA § 410, 29 U.S.C. § 1110 and breach of fiduciary duty 13 under ERISA § 404(a)(1)(A), (B) and (D), 29 U.S.C. § 1104

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Brandon Imber, individually and on behalf of all others similarly situated v. Bruce Lackey, Pam Lackey, Lackey Family Trust, Cole Scharton, The Administrative Committee of the People Business Employee Stock Ownership Plan, Miguel Paredes, Rich Roush, Del Thacker, Richard Deyoung, and Ritchie Trucking Service Holdings, Inc., Counsel Stack Legal Research, https://law.counselstack.com/opinion/brandon-imber-individually-and-on-behalf-of-all-others-similarly-situated-caed-2025.