Judge Declines To Exclude Expert Testimony In Stock Purchase Fraud Lawsuit

(October 2, 2015, 10:27 AM EDT) -- TRENTON, N.J. — A New Jersey federal judge on Sept. 29 denied several motions by the secretary of the Labor to exclude expert testimony in a lawsuit alleging fraudulent activity in the purchase of an employee stock ownership plan (ESOP) (Thomas E. Perez, Secretary of Labor, et al. v. First Bankers Trust Services, Inc., et al., No. 12-4450, D. N.J.; 2015 U.S. Dist. LEXIS 130749).

(Memorandum opinion available. Document #30-151009-015Z.)

While Vincent DiPano was the president and one of the members of the board of directors,...
To view the full article, register now.