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The Carey Center for Democratic Capitalism (www.democratic-capitalism.com) is sponsoring an essay contest for students (middle school through college, or in adult education or online education programs) on "democratic capitalism." The Center was

Judge James C. Cacheris of the Eastern District of Virginia refused to dismiss a case on January 10, in a case alleging that the trustee of an ESOP exercised his governance power to protect his own employment rather than in the interest of plan participants.

TD’s employees—partners, as the company calls them—own all the shares through an employee stock ownership plan. Its business model has made it not just successful financially, but one of the most consistently honored “best place to work” companies.

Sixth Circuit Could Make Dudenhoeffer Standard Less of a Barrier to Plaintiffs Ninth Circuit Makes It Easier for Plaintiffs to Allege Fraud to Extend Tolling Wawa Suit Over Account Segregation Can Move Forward IRS Sets High Bar to Qualify for Special New Tax Rules for Stock Awards in Private Companies

Highlights: IBM to appeal stock ruling to Supreme Court DOL Wants to Set Lower Bar than Court for ESOP Lawsuits Sellers and Company Can Be Held as Fiduciaries Even When Independent Trustee Hired and Be Based on When Actual Knowledge Occurred

The 700-employee Casino Queen, based in East St. Louis, IL, announced on December 27 that it had agreed to become 100% ESOP-owned in a transaction involving a $171 million loan.

Wynn Resorts, owner of Wynn Macau Casino, is giving each of its 7,500 employees 1,000 shares of company stock, according to a

The NCEO Service Provider Directory has added a category for outside board members.

In the U.S.

We are recruiting ESOP experts and employee-owners to participate in our upcoming conference. Now is your chance to share lessons, best practices, and company stories to uplift and encourage those in and around our community.