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Employee Ownership Legal Digest
Matthew Goedert

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Matthew Goedert is a Shareholder at N&G Legal Group, a law firm specializing in Employee Stock Ownership Plans (ESOPs) and corporate law. For the past 25 years, he has provided guidance to corporations, trustees, and shareholders of closely held companies on a wide range of ESOP transactions. His expertise includes leveraged buyouts, corporate redemptions, ownership succession transactions, corporate reorganizations, unwinding transactions, and the sale of all or part of employer securities. Additionally, he assists companies with their daily administrative issues and supports boards of directors and corporate management in navigating corporate governance matters.

Matthew Goedert

Court Dismisses, Without Prejudice, BDO ESOP Case for Lack of Standing

Taylor v. BDO U.S., P.C., Civil Action 25-10128 (D. Mass. Aug 21, 2025)

In Taylor v. BDO USA, P.C., plaintiff Tristin Taylor, a participant in the BDO USA Employee Stock Ownership Plan (ESOP), brought a putative class action under ERISA alleging that defendants breached their fiduciary duties when the ESOP allegedly overpaid for BDO stock.