Trustee, Board Members Must Defend Actions in ESOP Valuation Case

In Zavala v. Kruse-Western, Inc., No. 1:19-cv-00239-DAD-SKO (E.D. Cal., July 26, 2019), a district court ruled that GreatBanc Trust and the board of Kruse-Western must defend themselves in a lawsuit over the 90% drop in stock price following a $244 million ESOP buyout.

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