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Dudenhoeffer and Greatbanc Settlement Provide Useful Guidance for ESOP Fiduciaries
Bloomberg BNA Link to more items from this source
Dec. 11, 2014
"[T]he Dudenhoeffer decision has spawned a requirement for fiduciaries to use an 'efficient market presumption' when determining the price to buy or sell publicly-traded employer stock with the ESOP.... [T]he DOL has specifically pointed to the GreatBanc settlement as the guidelines that its investigators will use when auditing an ESOP transaction and so fiduciaries would do well to be familiar with it."

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