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Seyfarth says it published an analysis of ESOP valuation legislation
Seyfarth said it published an analysis of adequate consideration in employee stock ownership plan transactions. The firm’s article examines legislation addressing reliance on independent appraisals, and discusses the relationship between closely held stock valuations and fiduciary duties under the Employee Retirement Income Security Act.
Key points
- The firm’s article examines the Retire Through Ownership Act.Seyfarth
- Seyfarth’s publication discusses the valuation framework in IRS Revenue Ruling 59-60.Seyfarth
- The firm’s analysis addresses fair market value and good faith.Seyfarth
- Seyfarth’s article also discusses Department of Labor efforts to support employee ownership.Seyfarth