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HIGHLIGHTS: ● New DOL Fiduciary Settlement Agreement on ESOPs

HIGHLIGHTS: ERISA supersedes state tax law

HIGHLIGHTS:  

HIGHLIGHTS:

Plaintiffs Lose Again in Johnson & Johnson Case: In Perrone v. Johnson & Johnson, No. 3:19-cv-00923, (D. N.J., Feb.

Court Rules Plaintiffs Have to Plead More Than Suspicion of Wrongdoing to Justify Case Proceeding: In recent years, plaintiffs have been seeking to move to discovery in ESOP litigation based largely on complaints of a drop in share price after a transaction. In Plutzer v.

RVR Valuation Case to Go to Trial

Case Over Valuation of Terminated ESOP Shares Can Continue

DOL Files Amicus Brief Opposing Arbitration: The Department of Labor has filed an amicus brief in Cedeno v. Argent Tr. Co., No. 20-CV-9987 (JGK), (S.D.N.Y. Nov. 2, 2021).

In Henry v. Wilmington Trust et al., No. C.A. 19-1925 DM (D.C. Del. June 30, 2023), a district court ruled that a plaintiff (Henry) was not subject to an arbitration clause in the company’s ESOP.