Claims Against ESOP Fail After Expert Excluded Under Daubert

Business Valuation Update BVLaw
Legal and Court Case Update
December 31, 2002
3714 Motor Vehicle Parts and Accessories
336390 Other Motor Vehicle Parts Manufacturing
breach of fiduciary duty
daubert, employee stock ownership plan (ESOP)

Gary Lee Eckelkamp, et al. v. Dennis J. Beste, et al.
No. 02-1824 (8th Cir. 2002)
US
Federal Court
8th Circuit
United States Court of Appeals
Murphy

Summary

The U.S. Court of Appeals for the 8th Circuit determined that an expert report indicating a greater valuation for ESOP purposes and showing that the directors of the ESOP were overcompensated in and of itself does not create a genuine issue of material ...

See Also

Gary Lee Eckelkamp, et al. v. Dennis J. Beste, et al.

The U.S. Court of Appeals for the Eighth Circuit determined that an expert report indicating a greater valuation for ESOP purposes and showing that the directors of the ESOP were overcompensated in and of itself does not create a genuine issue of material ...