What are some recent trends in employee stock ownership plan (ESOP) litigation? In these slides, McDermott’s Ted Becker and Allison Egan offer insight into what plan fiduciaries need to know.
Lessons from Recent ESOP Litigation
By Ted Becker and Allison Egan on January 25, 2022
Ted BeckerTed Becker focuses his practice on litigation under the Employee Retirement Income Security Act (ERISA) and related federal and state actions, and defense of government investigations and audits relating to employee benefit, health and welfare, and retirement plans brought by the US Department of Labor, the Internal Revenue Service, and the US Department of Justice. He is a leading voice and nationally recognized practitioner in this complex practice area. He has represented public and private companies that sponsor employee benefit, health and welfare, and retirement plans governed by ERISA, and their directors and officers and plan fiduciaries, as well as service providers to ERISA plans and plan sponsors. He has extensive experience in Employee Stock Ownership Plans (ESOPs) and has defended some of the highest profile lawsuits involving ESOPs, helping to define the landscape of the evolving law relating to ESOPs. Read Ted Becker's full bio.
Allison EganAllison Egan focuses her practice on employee benefits and executive compensation. She regularly represents clients facing litigation under the Employee Retirement Income Security Act of 1974 (ERISA). She represents plan sponsors, directors, benefits committees and plan fiduciaries of employee benefits plans, including employee stock ownership plans (ESOPs), in class action litigation for breach of fiduciary duty and prohibited transactions, as well as in lawsuits and investigations brought by the Department of Labor.Read Allison Egan's full bio.
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