ESOP Expert Attacked for Using ‘Alternative Investment Method’

Business Valuation UpdateVol. 17 No. 9
Legal and Court Case Update
September 2011

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ESOP valuations
Harris v. Koenig
2011 WL 2531257 (D. D.C.)
June 27, 2011
US
Federal Court
District of Columbia
United States District Court
Saul Solomon
Kessler

Summary

Court upholds the alternative investment method ESOP expert used to support claims that plan trustee breached its fiduciary duty by imprudently investing in stocks it knew to be artificially inflated by accounting improprieties.

See Also

Harris v. Koenig

Full Text of Court Cases
June 27, 2011

Court upholds the alternative investment method used by ESOP expert to support claims that plan trustee breached its fiduciary duty by imprudently investing in stocks it knew to be artificially inflated by accounting improprieties.