The Antioch Company ESOP: A Prudence Playbook for Board Members, Independent Fiduciaries and Conflicted Fiduciaries

Mike Scheier covers how one employee-owned company protected its fiduciaries from an unexpected business downturn through a well-managed ESOP, a prudent transaction structure, fiduciary insurance coverage, and a well-planned court strategy. The lessons from Fish v. GreatBanc and the court’s praise for the fiduciary defendants in a lengthy written opinion have taken on even greater consequence in light of several recent decisions critical of fiduciary conduct that hit the fiduciary defendants with multimillion dollar damage awards.

Professionals

Jump to Page
Close