Employment law firm Jackson Lewis PC and two of its former attorneys are in the cross hairs of a lawsuit filed Feb. 27 stemming from an allegedly flawed employee stock ownership plan valuation (Sealey v. Johanson, S.D. Miss., 3:15-cv-00137-DPJ-FKB, complaint filed 2/27/15).
The lawsuit, brought by Vincent Sealey, a participant in an ESOP sponsored by a Mississippi-based DirecTV installation company, comes on the heels of a $6.5 million judgment against the company’s owner for causing the ESOP to purchase his company stock at an inflated price (Perez v. Bruister, 2014 BL 291439, S.D. Miss., 3:13-cv-01001-DPJ-FKB, 10/16/14
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.