McCabe v. Capital Mercury Apparel

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November 9, 2010

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5199 Nondurable Goods, NEC
ESOP valuations
McCabe v. Capital Mercury Apparel
2010 WL 4507443(S.D. N.Y.)
US
Federal Court
New York
United States District Court
Houlihan Lokey
Scheindlin

Summary

ESOP administrator did not breach duty of care when relying on an appraisal that valued the company a year before its eventual liquidation and sale.
McCabe v. Capital Mercury Apparel
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See Also

Did ESOP Fiduciary Breach Duties by Relying on Year-Old Appraisal?

Legal and Court Case Update
February 2011

ESOP administrator did not breach duty of care when relying on an appraisal that valued the company a year before its eventual liquidation and sale.