LITIGATION SUPPORT SERVICES
ESOPs are regulated by the Department of Labor and Internal Revenue Service. Unfortunately, risks and opportunities of stock ownership in light of economic volatility results in ESOP transactions that are met with unforeseen or unintended outcomes.
There is an environment of heightening regulatory review and ERISA-related litigation has increased. In situations where there are differences in regulatory interpretation or in expected financial outcome regulators, ESOP trustees, ESOP lenders and ESOP participants, as well as other parties, may find themselves as a plaintiff or defendant in ESOP-related litigation.
Prairie brings accuracy and clarity to individuals involved in legal matters by providing analytical support, consultation, and expert witness testimony throughout the entire legal process.