Vedder Thinking | News Mark Bogart Quoted in Bloomberg BNA Article about Private versus Public ESOPs
Mark I. Bogart, Vedder Price Shareholder, was quoted in the September 9 Bloomberg BNA article titled "Dudenhoeffer Focuses on Public Companies; Attorneys Mull Application to Private ESOPs." The article discusses the U.S. Supreme Court’s decision in Fifth Third Bancorp v. Dudenhoeffer, which changed the legal landscape for ESOPs of public companies. Mr. Bogart commented on the limited implications the decision has for private companies’ ESOPs, pointing out that "investments in private ESOPs are intended to be long-term investments in a company, rather than investments that should be unloaded the moment something goes wrong."
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