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Trustee GreatBanc Trust, Company Executives Sued for Disputed ESOP Sale, Valuation

Former employees are suing GreatBanc Trust Co. and executives from Buckeye Corrugated Inc., a national packaging and display products manufacturer, over the latter’s 2018 sale.

Trustee Wants Out Of Suit Over Radiology Co s ESOP

GreatBanc Trust Co. urged a Florida federal court Friday to dismiss it from a group of former radiology company employees' lawsuit alleging improper stock plan transactions, saying it wasn't required to get involved in the business issues that revolved around the employee stock ownership plan.

A Step Towards Guidance Instead Of Regulation By Litigation In The ESOP Space - Employment Litigation/ Tribunals

ESOPs, their sponsors and participants, and other industry players will welcome the news announced by the ESOP Association on April 14, 2023, that the DOL has committed to move forward with public notice-and-comment rulemaking .

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