ESOP Forms in Contention While Stock Value Plunges

Business Valuation UpdateVol. 3 No. 5
Legal and Court Case Update
May 1997
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
March 11, 1997
Federal Court
United States District Court
Houlihan Lokey Howard & Zukin (for Fally's)


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 ...

See Also

Mitchell v. Falley's

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.