The Fourth Circuit Court of Appeals has provided relief to a defendant who sold shares of company stock to an employee stock ownership plan (“ESOP”) by rejecting the district court’s legal conclusion concerning the...more
Cybersecurity is by no means a new issue for employee benefit plans subject to the Employee Retirement Income Security Act of 1974 (“ERISA”). Still, until recently, the U.S. Department of Labor (“DOL”) had not directly...more
On January 12, 2021, the United States Department of Labor (“DOL”) entered into a consent order with another fiduciary of an employee stock ownership plan (“ESOP”). The consent order in Scalia v. Professional Fiduciary...more