U.S. District Court in Georgia Allows Testimony of Attorney as to ESOP Transaction Process for Employment Agreements

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Court Case Digests
March 27, 2023

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ESOP valuations
expert testimony, deposition, breach of ERISA fiduciary obligations, employee stock ownership plan (ESOP), speculative
Gamache v. Hogue
2023 U.S. Dist. LEXIS 54492; 2023 WL 2658033
US
Federal Court
Georgia
United States District Court
Jeffrey Krenzel
Leslie A. Gardner

Summary

In a motion related to a lawsuit asserting ERISA violations under the ESOP plan for the defendants, including the Administrative Committee of Technical Associates of Georgia Inc. ESOP and certain individuals, the defendants moved to exclude the testimony and report of the plaintiffs’ expert, Jeffrey Krenzel. Krenzel was an “employee benefits lawyer” with 21 years’ experience, including eight years as a partner in a firm specializing in ESOP transactions. The court determined that Krenzel was qualified and that his opinions and report were reliable and helpful to the trier of fact.

See Also

Gamache v. Hogue

Full Text of Court Cases
March 27, 2023

In a motion related to a lawsuit asserting ERISA violations under the ESOP plan for the defendants, including the Administrative Committee of Technical Associates of Georgia Inc. ESOP and certain individuals, the defendants moved to exclude the testimony and report of the plaintiffs’ expert, Jeffrey Krenzel. Krenzel was an “employee benefits lawyer” with 21 years’ experience, including eight years as a partner in a firm specializing in ESOP transactions. The court determined that Krenzel was qualified and that his opinions and report were reliable and helpful to the trier of fact.