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Employee Retirement Income Security Act (ERISA) › Fiduciary Duty › Buy-Out Agreements

Holland & Knight LLP

District Court Rules on ERISA Liability of Board and ESOP Advisory Committee Members in ESOP Transactions

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On Sept. 1, 2016, the U.S. District Court for the Northern District of Illinois issued its decision in the Antioch employee stock ownership plan (ESOP) fiduciary litigation. The court held that the Antioch Board of Directors...more

Goodwin

Seventh Circuit Reverses Summary Judgment in Case Applying ERISA’s Statute of Limitations

Goodwin on

A Seventh Circuit panel declined to apply ERISA’s three-year statute of limitations to bar fiduciary claims in a case arising out of a buy-out transaction involving an employee stock ownership plan. The court held that the...more

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