Employee Benefits Transactions

Employee Benefits Transactions

04.20.2010

Tax Partner David C. Wright recently completed representation of an ESOT Trustee in connection with the ESOT’s $17.5 million minority interest acquisition of Company stock from a dissenting shareholder and a related third-party loan transaction. Subsequently, and in a separate transaction, Mr. Wright represented the Trustee in a $4 million transaction involving seller financing, by which the ESOT acquired a majority interest in the outstanding shares of the Company.