adequate consideration esop

Receive alerts:
by e-mail
E-mail Your information will be added to a database with the sole purpose of serving your subscription. This database is the exclusive property of vLex Networks S.L. and will never be shared with any other company. By sending your request you accept the Data Protection Policy of vLex Networks S.L. I have read and accept the Terms of Use
via RSS

179 documents for adequate consideration esop

- Debra K. Keach and Patricia A. Sage, Plaintiffs-Appellants, v. U.S. Trust Company, Formerly Known as U.S. Trust Company of California N.A., Defendant-Appellee., 419 F.3d 626 (7th Cir. 2005)
...Employee Stock Ownership Plan ("ESOP"), filed this action against U.S. Trust Company, N... the ESOP II transaction was not for "adequate consideration" and, consequently, did not come wit...
- Federal Circuits
- Employee benefit plans; individual exemptions: BNP Paribas S.A. et al.,
..., unless no interest or other consideration is received by the BNP Entity or any of its affili...Employee Stock Ownership Plan (the ESOP) Located in Sioux Falls, SD. [Exemption Applicatio... of the shares of Stock was made for adequate consideration, and no commission was charged to th...
- FR, May 13, 2005
- Notices
- Employee Benefits Security Administration
- Joseph Henry and Michael Malinky, Plaintiffs-Appellees, v. Champlain Enterprises, Inc., D/B/a Commutair, Antony Von Elbe, John Arthur Sullivan, Jr., Ernest James Drollette and U.S. Trust Company of California, N.A., Defendants-Appellants, Andrew Price, William L. Owens and Champlain Air, Incorporated, Defendants., 445 F.3d 610 (2nd Cir. 2006)
...-appellees' Employee Stock Ownership Plan ("ESOP") paid no more than fair market value for the conv...It concludes that the consideration the ESOP received was fair, that the price it paid... to an ESOP if the purchase is made for "adequate consideration." 29 U.S.C. § 1108(e). In transacti...
- Federal Circuits

- ESOP Legal News - March 2012, Volume 1, Number 1
... distributions and satisfy the Code's adequate security requirement. Kirk Corp. obtained a letter...The bill is currently under consideration in the Iowa Senate. The content of this article ...
- Mondaq Business Briefing
- United States Law Articles in English
- Newman Howard; Gilbert Leon Allen; Joan Howard; Theodore H. Pope, as Representatives of Plan Participants Similarly Situated on Behalf of the Employee Stock Ownership Plan of Pacific Architects and Engineers Incorporated, Plaintiffs-Appellants, v. Edward A. Shay; Martin L. Lehrer; Richard L. Smith; Allen Shay; Pacific Architects and Engineers, Inc., Defendants-Appellees., 100 F.3d 1484 (9th Cir. 1996)
...In 1974, the ESOP purchased approximately 40% of Pacific's stock fro... was no breach and that the ESOP received adequate consideration for its stock. We reverse and remand...
- Federal Circuits
- Wealth Management Update - July 2011.
... value of three marital trusts for claims by ESOP members against the marital trusts' assets - Estat... exceeds the amount received as consideration is deemed to be a gift. Accordingly, when propertyy is transferred for adequate and full consideration in money or money's worth n...
- Mondaq Business Briefing
- Nbr. 2011, January 2011
- Henry v. Champlain Enterprise, (2nd Cir. 2006)
...-appellees' Employee Stock Ownership Plan ("ESOP") paid no more than fair market value for the conv...It concludes that the consideration the ESOP received was fair, that the price it paid... to an ESOP if the purchase is made for "adequate consideration." 29U.S.C. § 1108(e). In transactio...
- Federal Circuits
- Gary L. Eyler, Petitioner-Appellant, v. Commissioner of Internal Revenue, Respondent-Appellee., 88 F.3d 445 (7th Cir. 1996)
... with CTS's employee stock ownership plan (ESOP) when he sold $10 million worth of CTS stock to th... ESOP's purchase of CTS stock was for "adequate consideration" or whether the proposed purchase pr...
- Federal Circuits
- Raymond J. Donovan, Secretary of the United States Department of Labor, Plaintiff-Appellant Cross-Appellee, v. Kenneth R. Cunningham, Defendant-Third Party Plaintiff-Appellee-Cross-Appellant, L.J. Carter and Mark W. Perrin, Defendants-Third Party Plaintiffs-Appellees-Cross-Appellants-Cross-Appellees, Salvador Esparza and Edward F. Fritcher, Defendants-Third Party Plaintiffs-Appellees-Cross-Appellants, v. Wilford H. Hairell and A. Mitchell Robertson, Defendants-Third Party Plaintiffs-Appellees-Cross-Appellants-Cross-Appellees, v. Allied Bank of Texas, Third Party Defendant-Cross-Appellee-Cross-Appellant, v. Metropolitan Contract Services, Inc., Third Party Defendant-Cross-Appellee., 716 F.2d 1455 (5th Cir. 1983)
... of a certain employee stock ownership plan ("ESOP") established under the Employee Retirement Income... on behalf of the ESOP for more than adequate consideration. The suit was tried without a jury a...
- Federal Circuits
- 21 Employee Benefits Cas. 1065, Pens. Plan Guide (Cch) P 23942S Alexis M. Herman, Secretary of the United States Department of Labor, Plaintiff-Appellant, v. Mercantile Bank, N.A., Defendant-Appellee, Lenco, Inc., Employees' Stock Ownership Plan & Trust, Defendant-Appellee., 143 F.3d 419 (8th Cir. 1998)
... of Lenco's Employees' Stock Ownership Plan (ESOP), a plan under which Lenco employees owned Lenco s... that Mueller violated ERISA by failing adequately to investigate the value of the stock and by purch... employer stock only for "adequate consideration," which is defined as "in the case of an asset oth...
- Federal Circuits