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Employee Ownership Legal Digest
Allison Wilkerson

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Allison is a Partner at McDermott Will & Schulte in Dallas, where she focuses her practice on employee benefits matters with extensive experience in ERISA and Employee Stock Ownership Plans (ESOPs). She has been involved in hundreds of ESOP transactions, including leveraged buyouts, mergers, acquisitions, and the structuring and financing of ESOPs using private equity. Allison advises ESOP-owned companies on ongoing legal matters, represents independent fiduciaries in ESOP transactions, and counsels employers on qualified and nonqualified retirement plans, executive compensation, and benefit plan compliance.

Allison Wilkerson

Court Grants Final Approval of $2 Million Settlement in United Bank ESOP Forced-Liquidation Case

On March 27, 2026, Judge Marc T. Treadwell of the US District Court for the Middle District of Georgia gave final approval to a $2 million class settlement resolving claims that former employees were pushed out of the United Bank Corporation Employee Stock Ownership Plan and paid too little for their shares on the way out.