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The NCEO is looking for documents and tools companies are using to create and sustain effective communication with their employee-owners.

The NCEO is working on a a publication on employee ownership using profit sharing plans as an alternative to ESOPs.

The Department of Labor filed a lawsuit against Sierra Aluminum Co and GreatBanc Trust based on an investigation by the Employee Benefits Security Administration (EBSA).

On July 24, the U.S. Department of Labor (DOL) filed a friend-of-the-court brief in support of the plaintiffs in a suit against Wilmington Trust, the trustee of the ESOP at Constellis Group, Inc. The DOL's brief follows an earlier brief from the American Society of Appraisers (ASA).

The Department of Labor brought a 2012 suit against GreatBanc Trust Co., alleging that in 2006 it allowed the Sierra Aluminum ESOP to overpay for company shares. In the settlement, GreatBanc and its insurers will pay $5.3 million, including $4.8 million to the ESOP and $0.5 million in penalties.

With the appointment of an experienced worker ownership professional, Hilary Abell, as the division chief of the Division of Employee Ownership, the federal government now has a full-time staff member dedicated to helping employers and employees learn about employee ownership.

The Supreme Court's decision in Fifth Third Bancorp v.

In an August 18, 2019 amicus curiae brief to the Supreme Court in the case of Jander v.

ESOP advocates have long urged the Department of Labor (DOL) to establish clear guidelines for adequate consideration requirements in ESOP transactions. Today, Bloomberg Law reported that DOL Assistant Secretary for Employee Benefits Security Lisa Gomez stated that proposed regulations on the ESOP adequate consideration requirements will be issued by year’s end.

Update: On August 25, 2023, the DOL announced that the proposed rules will be released by the end of the year.