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Category: ESOPs

Questions about your retirement plan in regard to ERISA? Our experienced Chicago ERISA lawyers can answer your questions, including any you may have about your employer’s stock.

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Four Reasons You Should Hire a Lawyer Who Focuses on ERISA Claims

The Employee Retirement Income Security Act (ERISA) is a complex federal law that regulates the overwhelming majority of employer-backed group benefits plans. This includes most retirement plans and…

19 Feb, 2019
Posted In: ERISA

Three Issues To Consider With Employee Stock Ownership Plans (ESOPs)

Increasing numbers of businesses are offering Employee Stock Ownership Plans (ESOPs) as a way of staying competitive in terms of attracting top quality job candidates. While being offered…

20 Jul, 2017

Court Overturns Long Term Disability Termination Based on Lack of Objective Evidence

Chicago area employees participating in an employer sponsored retirement plan that holds the employer’s stock, or an employee stock ownership plan (“ESOP”) have reason to rejoice. Yesterday, the…

27 Jun, 2014

Failure to Remove Employer Stock from 401(k) Held Not a Breach of Fiduciary Duty

Employees of Chicago companies who participate in a 401(k) holding employer stock or an Employee Stock Ownership Plan are often attracted to owning stock in their employer because…

24 Oct, 2011
Posted In: ESOPs

Employer Creating a Plan for Employees to Own the Company? Take a Close Look Before...

Employees of privately held companies in Chicago and the Midwest have tremendous opportunities and risks ahead, as the baby-boomers who own those companies get set to retire. Generally,…

08 Jun, 2011