No Evidence That Board's Financial Advisor Was Fiduciary to ESOP

Business Valuation UpdateVol. 9 No. 3
Legal and Court Case Update
March 2003

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. (740 words)   Add to Cart >>
Need help? Contact us:
1-503-479-8200 ext 2 or sales@bvresources.com
5961 Catalog and Mail-Order Houses
454110 Electronic Shopping and Mail-Order Houses
ERISA
shareholder dispute, fair market value (FMV), fairness opinion, employee stock ownership plan (ESOP), adequate consideration, erisa
Keach v. U.S. Trust Co.
2005 U.S. App. LEXIS 17355
August 17, 2005
US
Federal Court
7th Circuit
United States Court of Appeals
Houlihan Lokey Howard & Zukin (ESOP)
Ripple

Summary

This was a motion for summary judgment in connection with an action for breach of fiduciary duty to the employee stock ownership plan (ESOP) of F&G company.

See Also

Keach v. U.S. Trust Co.

Full Text of Court Cases
August 17, 2005

In assessing fair value and adequate consideration of ESOP transaction, Court considers whether appraiser should have reasonable foreseen future events effecting stock and company value.