Stay on Top of ESOP Litigation: Crucial Issues to Watch For
Employee Stock Ownership Plan (ESOP) may not always be a good move for every business because of the complex operating rules and high legal compliance costs that surround it. Many employees remain skeptical due to several issues including a lack of diversification, cash flow difficulties, and share price dilution.
Listen as experienced practitioners in ESOP-related transactions Mr. Eli Burriss (Katten Muchin Rosenman LLP) and Mr. Scott Adamson (ArentFox Schiff LLP) provide the audience with the recent trends and developments in employee stock ownership plan (ESOP) as well as its implications in litigation matters. Speakers, among other things, will offer practical tips and strategies to avoid non-compliance and potential lawsuits.
Live and Recorded CLE & CPE Webcasts in the Legal, Tax, Finance, Risk, Compliance and Human Resources Industries
Founded in November 2006, The Knowledge Group has established itself as a premier eLearning hub for Continuing Legal Education (CLE), Continuing Professional Education (CPE), and technology-focused webcasts. We equip lawyers, accountants, and industry professionals with expert-driven insights, timely regulatory updates, and practical strategies to help them stay ahead in an ever-evolving landscape.
Partner ArentFox Schiff LLP
Scott has structured, implemented, and executed many of the largest and most complex transactions involving ESOP’s to create liquidity on a tax-advantaged basis; to facilitate management buyout of a subsidiary, division, or portfolio company; to engage in a roll-up transaction; or to permit private equity investment on a tax advantaged basis. He has led some of the most significant transactions undertaken involving the sale of ESOP-owned companies to equity sponsors and strategic buyers.
Partner at Katten Muchin Rosenman LLP
Eli Burriss represents clients in sophisticated litigation matters, with a scope that includes derivative actions, M&A disputes, software license and data breach litigation, antitrust litigation, and trade secret litigation. Eli also has extensive experience litigating matters that arise under the Employee Retirement Income Security Act (ERISA), including 401(k) litigation, employee stock ownership plan (ESOP) litigation, and representing some of the world’s largest health plan administrators and insurers, advising on a variety of litigation matters, including anti-fraud litigation, provider disputes and regulatory issues.
