Was ESOP Appraiser ‘Strong-Armed’ by Owner/Trustee?

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

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ESOP valuations
Christopher v. Hanson
2011 WL 2183286 (D. Minn.)
June 6, 2011
US
Federal Court
Minnesota
United States District Court
Mark Sheffert and Robert Gross (plaintiffs); Lyndon Steele (defendants)
Ericksen

Summary

Court denies summary judgment motion, finding that the owner of an ESOP company ‘”strong-armed” its ESOP appraiser to provide a target value for repurchasing/redeeming his shares.

See Also

Christopher v. Hanson

Full Text of Court Cases
June 6, 2011

Court denies summary judgment motion, finding that the owner of an ESOP company ‘”strong-armed” its ESOP appraiser to provide a target value for repurchasing/redeeming his shares.