Is Failure to Apply DLOM a Breach of ESOP Trustee’s Fiduciary Duty?

Business Valuation UpdateVol. 13 No. 4
Legal and Court Case Update
April 2007

Access the Full Article

This article is available with a subscription to any of these products:
Already a subscriber?  Login
This article is also available for purchase. (541 words)   Add to Cart >>
Need help? Contact us:
1-503-479-8200 ext 2 or sales@bvresources.com
3743 Railroad Equipment
336510 Railroad Rolling Stock Manufacturing
ESOP valuations
Armstrong v. LaSalle Bank National Ass’n
2006 U.S. App. LEXIS 11077
May 4, 2006
US
Federal Court
7th Circuit
United States Court of Appeals
Duff and Phelps, LLC (trustee)
Posner

Summary

Court remands case for review of whether ESOP trustee breached its fiduciary duty by failing to apply a marketability discount to large, privately held company stock.

See Also

Armstrong v. LaSalle Bank National Ass’n

Full Text of Court Cases
May 4, 2006

Court remands case for review of whether ESOP trustee breached its fiduciary duty by failing to apply a marketability discount to large, privately held company stock.