Sentry Equipment Suit by DOL Will Proceed to District Court

The Department of Labor alleges that the trustee of the ESOP at Sentry Equipment Erectors should not have relied on the valuation report for a $21 million transaction. In the case (Acosta v. Vinoskey, No. 6:16-cv-00062-NKM-RSB, 2018 BL 134718 [W.D. Va. Apr.

Settlement Reached in Couturier Case

A settlement has been reached between the former ESOP participants, the Department of Labor, and the defendants in Solis v. Couturier (Civ. 2:08-cv-02732-RRB-GGH, E.D. Ca., filed Mar. 10, 2010).

Seven States Tax ESOP S Earnings as Individual Income

The District of Columbia, Louisiana, Michigan, New Hampshire, New Jersey, New York (and New York City), and Tennessee do not provide the same exemption from income tax for S corporation earnings attributable to an ESOP as does federal tax law.

Share Your Data: The ESOP Transaction Survey

How many ESOPs cost more than $200,000 to establish? How many transactions involve seller financing and warrants? How many professionals and what types do companies typically engage?