2nd Circuit Affirms Dismissal Of ERISA Suit Over Leveraged ESOP Transaction

Mealey's (November 28, 2022, 10:20 AM EST) -- NEW YORK — Affirming dismissal of a putative class complaint concerning a leveraged employee stock ownership plan (ESOP) transaction, a Second Circuit U.S. Court of Appeals panel agreed with the trial court that the plaintiff did not adequately allege injury in fact and, therefore, lacked standing....

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