Armstrong v. LaSalle Bank National Ass’n

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May 4, 2006

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3743 Railroad Equipment
336510 Railroad Rolling Stock Manufacturing
ESOP valuations
Armstrong v. LaSalle Bank National Ass’n
2006 U.S. App. LEXIS 11077
US
Federal Court
7th Circuit
United States Court of Appeals
Duff and Phelps, LLC (trustee)
Posner

Summary

Court remands case for review of whether ESOP trustee breached its fiduciary duty by failing to apply a marketability discount to large, privately held company stock.
Armstrong v. LaSalle Bank National Ass’n
PDF, Size: 65 KB

See Also

Is Failure to Apply DLOM a Breach of ESOP Trustee’s Fiduciary Duty?

Legal and Court Case Update
April 2007

Court remands case for review of whether ESOP trustee breached its fiduciary duty by failing to apply a marketability discount to large, privately held company stock.