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IBM Workers' Suit May Discourage ESOPs, High Court Told

By Danielle Nichole Smith ( August 7, 2019, 4:48 PM EDT) -- Failing to overturn a Second Circuit decision that revived a proposed class action from IBM workers who said they were wrongly allowed to invest in overvalued company stock will undermine Congress by making companies wary of offering employee stock ownership plans, an IBM retirement plan committee told the U.S. Supreme Court. ...

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