Fewer Cases Involving ESOPs Reach Courts

An article in Bloomberg BNA cites NCEO research in observing that 21 lawsuits that involve ESOPs were filed in the most recent 12-month period, a smaller number than in most years. The article quotes Corey Rosen, who argued that the decline is because of improvements in the economy and the new standards of prudence that resulted from the Supreme Court's 2014 ruling in Fifth Third v. Dudenhoeffer.