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An ESOP Fable with a Drafting Tip
Morgan Lewis 
[Guidance Overview] June 3, 2008
Excerpt: An interesting case was recently decided by the federal court in the Northern District of Alabama: Pension and Employee Stock Ownership Plan Administrative Committee of Community Bancshares, Inc. v. Patterson .... Community Bancshares, Inc. (Bancshares) sponsored an ESOP that purchased Bancshares stock in 1993 and 1998.
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