Timeliness and Standing Issues Do Not Prevent ESOP Lawsuit over Sale of ESOP Company From Proceeding

In Moore v. Va. Cmty. Bankshares, No. 3:19-cv45 (W.D. Va. Mar. 30, 2023), a court ruled that a lawsuit alleging fiduciary improprieties in the sale of ESOP shares at Virginia Community Bank (VCB) prior to a merger could continue.

Join or log in to access this content and much more

NCEO membership connects you with the employee ownership community and provides practical resources that empower you to make informed decisions about employee ownership.

Login Become a member