Tag: ESOPs

“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...

A court found eliminating ESOP participants’ right to invest in company stock is not a violation of ERISA’s anti-cutback provisions,...

A federal appellate court found that while plaintiffs claimed to have met new standards in their amended complaint, they did...

A U.S. District Court found the true fiduciary to the transaction did not breach its fiduciary duties and ruled for...

Plaintiffs say the “artificial inflation of the company stock price” made Target shares a bad investment for the ESOP. 

A federal district court found that, although the confirmed reorganization plan for the company was ambiguous as to whether ESOP...

An Ohio-based transportation and logistics company is accused of overpricing its company stock by nearly $6 million. 

Count employer stock purchases within ESOPs among the activities receiving significant scrutiny from participants, regulators and litigators. 

Among other things, the court found Herbert C. Bruister fired the ESOP’s counsel for being “too thorough,” and caused his...

The lawsuit claims that when Kodak filed for bankruptcy protection in January 2012, it failed to take action to protect...

A district court found the requirement to allege an alternative action in a stock drop case applied to participants in...

The attorney’s alleged contempt arose from a lawsuit against Herbert Bruister and others for various breaches of fiduciary duties that...