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ESOP Transactions and the Duty to Monitor Revisited
Polsinelli PC Link to more items from this source
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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