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ESOP Transactions and the Duty to Monitor Revisited
Polsinelli PC
Mar. 24, 2025 "Historically, it has been standard practice for the ESOP trustee to provide a certification confirming several aspects of a transaction, including a financial advisor's opinion on the adequacy of the deal consideration and the fairness of the transaction's terms.... Based on recent caselaw, advisors have begun holding a special meeting with the board and trustee before the closing of the transaction to further support the position that the board has fulfilled its monitoring duty." MORE >> |
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