New York State has enacted a bill (5349A [PDF]) creating a special commission to report on how the state can encourage employee ownership through worker cooperatives and majority ESOPs where employees elect the pl
The Circuit Court for the Second District of New York continues to be a tough place to plead a stock drop case. In May in In re Citigroup, it ruled that the heightened pleading standards under the Fifth Third Bancorp v.
New York has traditionally been a state where it is difficult to operate as a majority ESOP-owned engineering, architectural, landscape architectural, or land survey firm.
The Office of the New York State Comptroller recently released a report “Employee Ownership of Businesses in New York State” outlining the most common forms of employee ownership, t
Craig Foss, the Commerce Minister of New Zealand, announced in March that the government would simplify employee disclosure requirements for companies offering employee ownership plans.
Ken Baker, the CEO of Southampton, PA-based NewAge Industries, has donated $3 million to Montgomery County Community College to start the Baker Center of Excellence for Employee Ownership and Business Transformation.
In his state of the city address on March 12, Newark mayor Ras Baraka made employee ownership a centerpiece of his economic policy. Baraka said, "We are encouraging employee ownership, and residential- and worker-owned cooperatives.