Appellants, Amicus To 9th Circuit: Government Should Pay For ESOP Suit Defense

Mealey's (August 15, 2022, 3:11 PM EDT) -- HONOLULU — The parties that a trial court ruled prevailed in a lawsuit over the valuation of an employee stock ownership plan (ESOP) told the Ninth Circuit U.S. Court of Appeals on July 20 that they should not have to bear their defense costs because it was not reasonable for the federal government to file the suit; in a July 27 amicus curiae brief, The ESOP Association (TEA) also argues that the appellants should be awarded fees and costs....