Mitchell v. Falley's

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Full Text of Court Cases
March 11, 1997

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5411 Grocery Stores
452311 Warehouse Clubs and Supercenters
ESOP valuations
employee stock ownership plan (ESOP), put option
Mitchell v. Falley's
958 F. Supp. 548, 1997 U.S. Dist. LEXIS 8587
US
Federal Court
Kansas
United States District Court
Houlihan Lokey Howard & Zukin (for Fally's)
Belot

Summary

One issue in this case is whether the defendant's ESOP was required to pay plaintiffs based upon the December 31, 1991 valuation as opposed to a subsequent valuation date.

See Also

ESOP Forms in Contention While Stock Value Plunges

Legal and Court Case Update
May 1997

The Food for Less ESOP provides for annual valuation of the stock, or more, often if the committee believes the value of the stock has changed substantially.