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Central Pension Fund of the IUOE
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| District Court Rules Decisively Against DOL in ESOP Valuation Case National Center for Employee Ownership [NCEO]  Sept. 21, 2021 "The judge ruled that the DOL's valuation 'rests on errors' because its expert failed to follow standard valuation practices, used inaccurate and incomplete information about the company's finances, and improperly compared the price the ESOP paid to a very preliminary lower offer from another company." [Walsh v. Bowers, No. 18-0155 (D. Hawaii, Sep. 17, 2021)] |
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