Firm Wire items are announcements made by the firms themselves. The desk confirms that the announcement was published and reproduces its factual content. It does not verify the claims in it, and publication is not an endorsement.
Jackson Walker says it published an ESOP valuation guide
Jackson Walker said it published Greta Cowart’s guide to the Retire Through Ownership Act and independent valuations in employee stock ownership plan transactions. The firm said the article discusses the new statutory basis for fiduciaries’ reliance on appraisals, along with continuing fiduciary obligations and transaction documentation.
Key points
- Jackson Walker said the guide examined valuation principles in IRS Revenue Ruling 59-60.Jackson Walker
- The firm said the article distinguished the change from an express safe harbor.Jackson Walker
- Jackson Walker said it addressed subsequent purchases, repurchases and re-leveraging transactions.Jackson Walker
- The firm said the guide discussed reviewing appraiser independence and documenting valuation analysis.Jackson Walker