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A Step Towards Guidance Instead of Regulation by Litigation in the ESOP Space
Goodwin Procter 
Apr. 20, 2023 "[The DOL] has committed to move forward with public notice-and-comment rulemaking to establish a clear definition regarding the 'adequate consideration' requirement for ESOP acquisitions ... The absence of formal valuation guidance has proved challenging not just for plan fiduciaries but even for the DOL itself." MORE >> |
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