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Ford's ESOP Problems are Beginning to Look a Lot Like the Tribune Co.'s ESOP Problems
InjuryBoard 
Jan. 6, 2009
Excerpt: Just before the end of last year, Ford Motor Company moved to dismiss a case brought by participants of Ford's employee stock ownership plan (ESOP) on the ground that participants failed to state a viable claim for relief. Participants claim that the ESOP's investments in Ford company stock were imprudent. U.S. District Judge Stephen J. Murphy favored the argument made by the ESOP participants. He noted in his opinion that 'while ERISA does provide an exemption from diversification rules for ESOPs, it does so while still requiring that the plan sponsor act with prudence when investing in company stock.'
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