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14Aug

You Misunderstood the Valuation: Court Rejects ESOP Fiduciary Breach Suit - Employee Benefits Alert

A federal trial court has dismissed a lawsuit brought by a participant in an employee stock ownership plan (ESOP) claiming that fiduciaries of the ESOP caused it to overpay for stock of the company in a leveraged transaction. The court concluded...
By: Bradley Arant Boult Cummings LLP
Source Url: https://www.jdsupra.com/legalnews/you-misunderstood-the-valuation-court-54476/

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