Overview
Ted Becker and Erin Turley will be speaking at The ESOP Association (TEA) National Conference 2025. McDermott Will & Emery is a proud sponsor the conference, which will be held in Washington, DC on May 13 – 16. Register today and join us for the following sessions.
Regulatory Update: Adequate Consideration Proposed Regulation
Speaker: Ted Becker
Thursday, May 15 | 4:00 – 5:00 pm
This session will discuss significant regulatory updates including the Department of Labor’s (DOL) Proposed Regulation on Adequate Consideration.
- Understand the potential impact of recent changes at the DOL.
- Examine the DOL’s Proposed Regulation on Adequate Consideration.
- Determine what, if any, effect the Proposed Regulation might have on ESOP transactions and ESOP litigation.
Ten Ways That the DOL’s Proposed Regulation Violates Established Valuation Principles
Speaker: Ted Becker
Friday, May 16 | 9:20 – 10:20 am
This session will examine the DOL’s proposed regulation from an experienced valuation practitioner’s perspective and explore whether the regulation’s treatment of valuation issues is consistent with established valuation standards, technical guidance, and generally accepted practice. Where the regulation is inconsistent, the session will present the opposing view with support from authoritative sources and citations.
- Analyze the proposed regulation from an experienced valuer’s perspective.
- Recognize where the proposed regulation impacts the valuation of company stock.
- Differentiate where the DOL’s prescribed treatment of valuation issues differs from recognized valuation standards, authoritative financial theory, and generally accepted valuation practice.
Managing Risk with a Contributory ESOP
Speaker: Erin Turley
Friday, May 16 | 1:10 – 2:10 pm
This session will explain the differences between contributory and leveraged ESOPs, as well as the planning and execution considerations of a contributory ESOP vs. leveraged ESOP.
- Understand what a contributory ESOP is and how they differ from a leveraged ESOP.
- Grasp the basics of how a contributory ESOP is conducted, and what the planning and execution considerations are for contributory vs. leveraged ESOPs, including when should either be employed.
- Articulate the main drawbacks of a contributory ESOP and how are they managed.
