DOL Says Constellis ESOP's $30M ERISA Win Was Correct
By Christine Powell ( July 24, 2018, 7:35 PM EDT) -- The head of the U.S. Department of Labor urged the Fourth Circuit on Monday to cement a ruling that trustee Wilmington Trust NA let a Constellis Group Inc. employee stock ownership plan overpay for the private security company by nearly $30 million, stressing that fiduciaries cannot "blindly rely" on valuation professionals they hire....
Law360 is on it, so you are, too.
A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.
A Law360 subscription includes features such as
- Daily newsletters
- Expert analysis
- Mobile app
- Advanced search
- Judge information
- Real-time alerts
- 450K+ searchable archived articles
And more!
Experience Law360 today with a free 7-day trial.