Insights on Employee Stock Ownership Plans

1 total results. Page 1 of 1.

Alerts
Fiduciary Obligations in a Re-Leveraging Transaction Heads to Court: Shipp v. Central States Manufacturing, Inc., Case 5:23-cv-05215-TLB
Scott Adamson, Mamta K. Shah, Frank R. Nguyen

On November 28, three participants in Central States Manufacturing, Inc.’s employee stock ownership plan (ESOP) filed a complaint on their own behalf and on behalf of other ESOP participants against the company, its board of directors, individual members of its board of directors, and GreatBanc Trust Company (the ESOP trustee) (the Fiduciaries).