ESOPs: good for employees but facing an uncertain future
A recent article in the New York Times extols the virtues of employee ownership through employee stock ownership plans (ESOPs). And trade groups for employee-owned businesses have noted bipartisan Congressional support for ESOPs. But ESOP experts (trustees and appraisers) worry that the Department of Labor’s antagonistic attitude toward ESOP transactions, validated by key victories in court, has stymied ESOP formation.
Adjusting Appraisals, Court Estimates ESOP Target’s Value
After determining defendants breached fiduciary ERISA duties in ESOP transaction, the federal court adjusts two nearly contemporaneous valuations of the target company to arrive at a “reasonable estimate” of the target’s fair market value ...
Chesemore v. Alliance Holdings, Inc. (II)
After determining defendants breached fiduciary ERISA duties in ESOP transaction, the federal court adjusts two nearly contemporaneous valuations of the target company to arrive at a “reasonable estimate” of the target’s fair market value and the plaintif ...
The ESOP Association 1999 Membership Directory
The ESOP Association. The ESOP Association 1999 Membership Directory . 1726 M Street, N.W., Suite 501, Washington, D.C. 20036; (202) 293-2971; fax (202) 293-7568; $30 to members, $250 to non-member ...
1999 Professional Associations Directory
The Appraisal Foundation The Appraisal Foundation is authorized by Congress as the source of appraisal standards and appraiser qualifications, which it promulgates through the Appraisal Standards ...
Publications and Products, The ESOP Association
Publications and Products, The ESOP Association , 1726 M Street, NW, Suite 501, Washington, D.C. 20036, (202) 293-7568. The ESOP Association introduces its 1999 catalog of products and publications ...