Tag: ESOPs

A judge said the plaintiffs did not allege an injury because, although the purchase price of the stock was allegedly...

Since 2010, an average of 229 new ESOPs have been created each year, the NCEO finds.

An appellate court first discussed where the burden of proof lies in ERISA cases.

Plaintiffs attempt in their complaint to establish that fraud was at least potentially occurring, and that this should have been...

One experienced benefits attorney says he has seen employee stock ownership plans do a whole lot of good for a...

The decision follows a ruling against First Bankers Trust in a DOL lawsuit.

The Encouraging Employee Ownership Act would increase the cap on the amount of stock closely held companies can award employees...

A New Jersey District Court judge awarded more than $9.4 million to the plan.

A judge concluded plaintiffs did not allege special circumstances or offer plausible alternatives according to standards set forth in the...

The court found trustee Wilmington Trust “rushed its evaluation of the ESOP, failed to follow its own policies, and failed...

For one thing, the participant contends the ESOP portion of the plan should have been invested in the sponsoring company’s...

“Anyone who received income from equity compensation or sold shares in 2016 must understand the related reporting on IRS tax...

A federal court found that no amount of judgements from previous decisions had been satisfied.

The case involves a complicated leveraged buyout of an ESOP that left participants with worthless stock.

So called “stock drop” litigation remains a concern for many in 2017, but recently some employers have posted key court...

A federal court has ordered the fiduciaries to restore losses to plan participants.

The third complaint suggests defendants should have pushed for disclosures that would have corrected the company stock price. 

Plan Management Corporation and CompIntelligence announced a strategic partnership and integration, aimed at delivering a “complete stock plan solution.”

The overpayment caused a direct loss to the plan and constituted a prohibited transaction under the Employee Retirement Income Security...

In the new ERISA lawsuit, plaintiffs allege that plan fiduciaries knew well in advance about the problematic sales practices that...