Oct

    It's a New World for ESOPs: The DOL/Great Banc Fiduciary Process Agreement and Recent Court Decisions

    1 PM EDT

    There has been a substantial increase in ESOP-related litigation driven by the fallout from the Great Recession, the U.S. Department of Labor’s closer scrutiny of ESOPs as part of its national enforcement strategy, and successful outcomes for plaintiffs in several ESOP cases. This panel will cover the recent hot ESOP-related topics including: the DOL/Great-Banc fiduciary process agreement; the reasonableness of management projections and other valuation issues currently being litigated. The panel will also discuss the recent rulings in Dudenhoeffer v. Fifth Third and Tatum v. RJR Pension Investment Committee in relation to their potential impact on fiduciary duties for closely-held ESOPs.

    Moderator:
    Robert Rachal
    , Proskauer Rose, LLP, New Orleans, LA

    Panelists:
    Theodore M. Becker
    , Drinker Biddle & Reath LLP, Chicago, IL
    Jeffrey M. Hahn, Trial Attorney, Office of the Solicitor, U.S. Department of Labor, Washington, DC
    Frank (“Chip”) Brown, Willamette Management Associates, Atlanta, GA
    Karen Handorf, Cohen Milstein, Washington, DC

    $175
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    $150
    MEMBERS
    $125
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    To RECEIVE CLE credit you must be logged into the webinar for the ENTIRE program (including the Q&A) with your unique PIN number that will be emailed to you. Partial credit is not available for this program or recording.

    Event Details

    Format

    Web

    Date

    Oct 28, 2014

    2014-10-28T13:00:00-04:00 2014-10-28T14:30:00-04:00 It's a New World for ESOPs: The DOL/Great Banc Fiduciary Process Agreement and Recent Court Decisions

    There has been a substantial increase in ESOP-related litigation driven by the fallout from the Great Recession, the U.S. Department of Labor’s closer scrutiny of ESOPs as part of its national enforcement strategy, and successful outcomes for plaintiffs in several ESOP cases. This panel will cover the recent hot ESOP-related topics including: the DOL/Great-Banc fiduciary process agreement; the reasonableness of management projections and other valuation issues currently being litigated. The panel will also discuss the recent rulings in Dudenhoeffer v. Fifth Third and Tatum v. RJR Pension Investment Committee in relation to their potential impact on fiduciary duties for closely-held ESOPs.

    Moderator:
    Robert Rachal
    , Proskauer Rose, LLP, New Orleans, LA

    Panelists:
    Theodore M. Becker
    , Drinker Biddle & Reath LLP, Chicago, IL
    Jeffrey M. Hahn, Trial Attorney, Office of the Solicitor, U.S. Department of Labor, Washington, DC
    Frank (“Chip”) Brown, Willamette Management Associates, Atlanta, GA
    Karen Handorf, Cohen Milstein, Washington, DC

    Sponsors

    Joint Committee On Employee Benefits

    Co-sponsors

    American College of Employee Benefits Counsel

    Business Law Section

    Health Law Section

    Section of Labor and Employment Law

    Section of Real Property, Trust and Estate Law

    Section of Taxation

    Tort Trial and Insurance Practice Section

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