The ESOP Association Petitions U.S. Department of Labor to Undertake Congressionally Mandated Rulemaking
Instead, DOL has pursued a strategy of "regulation by litigation", undertaking thousands of investigations and filing lawsuits against ESOP trustees and founders.
- Instead, DOL has pursued a strategy of "regulation by litigation", undertaking thousands of investigations and filing lawsuits against ESOP trustees and founders.
- Accordingly, The ESOP Association has formally registered an APA petition with U.S. Labor Secretary Marty Walsh, who is required to provide a formal, written response to the petition.
- The ESOP Association has joined the company through an amicus brief seeking to recover defendant's legal fees from the government.
- 1 According to publicly available data included in most recent U.S. Department of Labor form 5500 from 2019
View original content to download multimedia: https://www.prnewswire.com/news-releases/the-esop-association-petitions-...