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Recent Decisions Cast Doubt on Stock Drop as a Basis to State a Claim Against ESOP Trustee
Thompson Hine via Lexology; registration required 
Aug. 28, 2019 "Despite the differing conclusions of the Courts, the complaints in Lee and Choate are largely indistinguishable -- allegations of post transaction drops in value resulting from the debt taken on by the company sponsoring the ESOP to facilitate the transaction. However, because of the misplaced application of the shifting burden of proof, the results between the two matters vary widely." MORE >> |
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