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Fourth Circuit Reduces Damages Award in DOL Action Against ESOP Company Owner
Roberts Disability LawLink to more items from this source
Dec. 7, 2021

"The Fourth Circuit distinguished this case from other cases where courts did not factor in debt cancellation when determining the amount of a defendant's damages. In the cases relied upon by the district court, the debt cancellation was wholly unrelated to the illegitimate transaction. Vinoskey's loan forgiveness had a bearing on the ESOP's loss by reducing its debt." [Walsh v. Vinoskey, No. 20-1252 (4th Cir. Dec. 6, 2021)]

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