Amended ERISA Breach Claim Survives Dismissal In Suit Over ESOP Interim Valuation

Mealey's (January 10, 2023, 1:29 PM EST) -- CHICAGO — An amended complaint concerning distribution from an employee stock ownership plan (ESOP) states a claim under the Employee Retirement Income Security Act regarding an interim valuation in April 2020 but not regarding alleged cutback of accrued benefits, an Illinois federal judge ruled Jan. 9....