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Home / Courts / 4th Circuit / Labor & Employment – Employee stock ownership plan denied windfall (access required)

Labor & Employment – Employee stock ownership plan denied windfall (access required)

Where the owner of a company sold his shares to the employee stock ownership plan, or ESOP, but the ESOP paid an inflated price for the shares, the owner was liable for the price difference. But, because he forgave certain funds owned by the ESOP for the sale, the damages were offset by this amount. Background Adam ...

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