ESOP Trustee Can't Ax Suit Claiming $60M Inflated Stock Deal

By Grace Elletson (May 8, 2024, 8:16 PM EDT) -- A Michigan federal judge left most of a suit intact Wednesday alleging the trustee of a steel company's employee stock ownership plan allowed it to buy $60 million in company stock at an inflated price, ruling that the worker behind the suit backed his claims with enough detail....

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