7th Circuit Revives Some ERISA Claims In Suit Over Company’s Valuation

Mealey's (April 26, 2024, 2:07 PM EDT) -- CHICAGO — A Seventh Circuit U.S. Court of Appeals panel upheld dismissal of all federal securities and state law claims in a sprawling suit involving an employee stock ownership plan (ESOP) and alleged price inflation but reversed and remanded on some Employee Retirement Income Security Act claims against the selling company’s directors and officers and the ESOP’s independent trustees....

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