Tag: Employee Stock Ownership Plan

The plan’s former trustee, Reliance Trust Company, settled a complaint following an investigation.

The department is seeking access to retirement assets owned by employees of a closed time-share-properties business in Houston.

Plan sponsors whose workforce has access to Employee Stock Ownership Plans may accrue benefits of reduced worker turnover, research shows....

Former employees are suing GreatBanc Trust Co. and executives from Buckeye Corrugated Inc., a national packaging and display products manufacturer,...

The plaintiffs allege fiduciary breaches occurred in a leveraged buyout after the company founder’s death.

The Arborwell Inc. employee stock ownership program began in 2017, but the plaintiffs allege the ESOP’s 2020 sale to CI...

The lawsuit plaintiffs are ESOP participants holding vested shares of Churchill stock in their accounts who were employed at Churchill...

A former ESOP participant claims fiduciaries created conditions forcing the sale of participants’ assets by attempting to take advantage of...

A New Jersey-based graphite manufacturer is alleged to have failed to operate the employee stock ownership plan in the best...

Awards were given in nine categories representing various plan types and sizes.

Mohawk Hospital Equipment will transfer $431,000 worth of stock to participants and pay a fine.

The judge found that while the plaintiff might have released all his claims with a separation agreement, the lawsuit was...

This is in addition to $454,545 in restitution to the plan, paid by the company and its employee stock ownership...

Workers between the ages of 18 and 34 who are employee-owners have 92% higher median household wealth relative to workers...

A federal district court judge found that since shares for the ESOP were purchased with borrowed funds, the subsequent lower...

The court found as a fiduciary to the ESOP, Evolve Bank failed to notice, question or investigate several red flags...

ESOP participants have an average retirement balance of $170,326, more than twice the $80,339 that other workers have saved

The lawsuit alleged that employee stock ownership plan participants overpaid for company stock.

Ruling in favor of a detailed motion to dismiss filed by defendants, the court cites a long list of precedent-setting...