Tag: Employee Stock Ownership Plans

The consulting firm West Monroe Partners is charged with shortchanging workers who cashed out of its defined contribution employee stock...

More than 350 ESOP-owned companies in Stout’s valuation portfolio produced a 17.3% average annual return, surpassing the S&P at 11.9%.

A hearing Thursday discussed three bill aimed at expanding employee stock ownership plans, and a fourth bill was introduced that...

Research examines how employee stock ownership plans have helped workers and employers alike throughout the COVID-19 pandemic.  

The complaint claims ERISA violations against the company for allegedly deflating the plan’s value.   

The defendants’ motion for summary judgment, based on the release of claims and their contention that the plaintiff didn’t suffer an injury, was denied.

A Department of Labor lawsuit says the fiduciaries allowed the ESOP's ownership shares to be sold for less than market...

The participants claim they were mislead and intimidated to sell their shares back to the company at a price significantly lower than fair market value.

The SECURE Act's provisions for pooled employer plans (PEPs) did not apply to 403(b) plans.

The lawsuit alleges a series of bad-faith dealings were made that caused losses to the ESOP while benefiting executives.

The DOL alleged Wilmington Trust caused losses to ESOPs when it authorized them to pay more than fair market value for privately held employer stock.

A judge previously found eliminating ESOP participants’ right to invest in company stock is not a violation of ERISA’s anti-cutback provisions, but forcing participants with balances greater than...

The motion cites as one reason for settlement “probable costs, in both time and money, of continued litigation.”

A federal district court judge explained how the plaintiff actually benefited after the stock shares were purchased, so she suffered no harm.

Fiduciaries were ordered to restore $6,502,500 to the plan for an overpriced purchase.

A federal court judge found a severance agreement was broad enough to cover Employee Retirement Security Act (ERISA) claims against the trustee of an employee stock ownership plan...