Brundle v. Wilmington Trust N.A. (III)

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March 21, 2019

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Brundle v. Wilmington Trust N.A. (III)
919 F.3d 763 (4th Circuit 2019)
US
Federal Court
4th Circuit
United States Court of Appeals
Stout Risius Ross (ESOP valuation); Dana Messina (plaintiff); Jeff Tarbell (defendant/trustee)
Motz

Summary

In key ESOP case, 4th Circuit affirms liability and damages findings against ESOP trustee; court says trustee’s reliance on ESOP appraiser’s contemporaneous valuation was not “reasonably justified”; district court used correct measure of damages and justifiable methodology, 4th Circuit finds.
Brundle v. Wilmington Trust N.A.
PDF, Size: 139 KB

See Also

4th Circuit Says Record Supports Liability and Damages Findings Against ESOP Trustee

Court Case Digests
March 21, 2019

In key ESOP case, 4th Circuit affirms liability and damages findings against ESOP trustee; court says trustee’s reliance on ESOP appraiser’s contemporaneous valuation was not “reasonably justified”; district court used correct measure of damages and justifiable methodology, 4th Circuit finds.

This article also appears in:
BVR Guide to Management Projections and Business Valuation: Analysis and Case Law