One of the most contested and significant ESOP lawsuits in recent years was Perez v. GreatBanc Trust, which resulted in a $5.25 million settlement over the handling of the ESOP at Sierra Aluminum. This article gives some overlooked background about Sierra Aluminum's ESOP.
Every mighty live oak tree you’ve ever seen started out as a tiny acorn hundreds of years ago. It didn’t take The Greenery centuries to grow from a humble Hilton Head Island–based landscaping firm to a successful employee-owned company in the Southeast. Rather, it has taken us only 50 years.
Court Rules Plaintiffs Have to Plead More Than Suspicion of Wrongdoing to Justify Case Proceeding: In recent years, plaintiffs have been seeking to move to discovery in ESOP litigation based largely on complaints of a drop in share price after a transaction. In Plutzer v.
