Bob Bartell, Global Head of Corporate Finance at Duff & Phelps, recently participated in a webcast on restructuring an ESOP company with Alston & Bird, GreatBanc Trust Company and J.P. Morgan. The speakers discussed current restructuring issues unique to employee stock ownership plan (ESOP) companies, focusing specifically on the impacts and implications of the current environment on ESOP companies.
Duration: 60 minutes
Topics
- The current environment
- Challenges for ESOPs during economic downturns
- Duty of directors versus duty of trustee
- Zone of insolvency and fraudulent conveyance
- Potential pre-bankruptcy alternatives
- Unique features typical to ESOP companies
