Settlement Reached in Ritchie Trucking ESOP Valuation Case
Christopher Wingard
A lawsuit alleging fiduciary breaches in connection with a 2018 ESOP transaction involving Ritchie Trucking Service Holdings, Inc. has reached a $1.85 million settlement.
Employee Ownership Legal Digest
Stay informed on the latest legal developments impacting employee ownership. This page provides timely and concise summaries of key cases and rulings, contributed by experienced attorneys, to help the entire employee ownership community understand their implications, and also offers access to NCEO's archive of prior content.
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ESOP Defendants Cannot Subpoena Plaintiff’s’ Attorneys or Attorney-Client Communications
Corey Rosen
In Jones v. Zander Grp. Holdings, No. 8:24CV428 (D. Neb. May 27, 2025), a district court ruled that defendants at ESOP-owned Zander Group Holdings cannot subpoena the attorneys for the plaintiff or communications between the attorneys and the plaintiffs.
New DOL Site to Facilitate Finding and Submitting DOL Opinion Letters
Christopher Wingard
On June 2, 2025, the U.S. Department of Labor (DOL) announced the launch of a new website for a cross-agency opinion letter program designed to enhance compliance across five enforcement divisions.
Meet Our Authors
Chris is an associate in Kleinbard’s Business & Finance Practice. He advises corporations, shareholders, directors and employee stock ownership plan (ESOP) ... »
NCEO founder and senior staff member