Chris Wingard, an Associate in Kleinbard’s Business & Finance Practice, authored a post on the U.S. Department of Labor (DOL)’s launch of a new website for the National Center for Employee Ownership (NCEO)’s Employee Ownership Legal Digest. The NCEO’s Legal Digest provides summaries of key cases, rulings, and legal developments impacting employee ownership. This update explains the DOL’s new website, which streamlines the cross-agency opinion letter program designed to enhance compliance across five enforcement divisions. DOL opinion letters clarify existing regulations or guidance and can be used to help parties understand their rights and responsibilities. DOL Opinion Letters from the Employee Benefits Security Administration are particularly important for members of the ESOP community, who can now easily access these letters on the DOL’s website.
To read the full summary, click here.
