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Benefits & ERISA Law

: Pension Protection Act Blog

ESOP not Sweet as Candy for Participants in U.S. Sugar ESOP

By Suzanne Wynn

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As the lawsuit against the U.S. Sugar ESOP proceeds in U.S. District Court for the Southern District of Florida, it continues to fascinate. Today, the International Herald Tribune is reporting that the company has announced employees owning shares through the ESOP will not be permitted to attend the annual shareholders meeting. Such an announcement is just one twist in this ESOP saga worthy of Gone with the Wind. According to the amended complaint filed with the district court on May 4, 2008, read more

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Full post as published by Pension Protection Act Blog on May 27, 2008 (boomark / email).

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