Dismissal Bids Fail In Suit Over ESOP’s Allegedly Imprudent Releveraging Deal

(July 8, 2024, 2:31 PM EDT) -- FAYETTEVILLE, Ark. — In a July 5 ruling denying motions to dismiss an Employee Retirement Income Security Act suit concerning an employee stock ownership plan (ESOP), an Arkansas federal judge said in part that ESOP participants “plausibly allege[] that the terms of the releveraging deal were imprudent.”...