DOL hints it won't give up on ESOP fiduciary claims

In a recent press release, the Department of Labor (DOL) announced that it would re-propose the regulation that would redefine the definition of ERISA fiduciaries. “This press release hints at leaving the provision making ESOP appraisers ERISA fiduciaries when they value stock being acquired by a private company,” says a new post by Mercer Capital, which also contains a reprint of the DOL release.