Summary Judgment Granted in Dispute Over ESOP Segregation Provisions

Pearl, Richard J.; Vogt, Erik D.
December 2016
ESOP Report;Dec2016, p4
Trade Publication
The article discusses a court case on account segregation and distribution of the employee stock option plan (ESOP) of Holden Industries, Inc. Topics include the summary judgment granted by a court of Northern District of Illinois, the role of a summary plan description (SPD) on the documents of ESOPs, and the additional court decision regarding allegations of a breach of fiduciary duty claimed by the plaintiff.


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