Federal Judge: ESOP Trustee May Proceed With Contribution Claim Against Adviser

Mealey's (April 5, 2021, 2:52 PM EDT) -- NEW YORK — Breach of contract and negligence claims brought by an employee stock ownership plan (ESOP) trustee against its financial adviser after being found liable for a nearly $30 million overpayment are barred by Delaware’s statute of limitations, but a New York statutory claim for contribution may proceed, a federal judge in New York ruled March 23....