Chris Wingard, an Associate in Kleinbard’s Business & Finance Practice, authored a post on the settlement of Imber v. Lackey, a lawsuit alleging fiduciary breaches in connection with a 2018 ESOP transaction involving Ritchie Trucking Service Holdings, Inc., 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. In this case update, a class action suit filed by an ESOP participant was settled for $1.85 million.
To read the full summary, click here.
