Defendants in a case involving a Timberlake Road business contested the Department of Labor’s allegations they breached fiduciary duties and raided millions of dollars from an employee stock ownership plan when they filed their answers in U.S. District Court late last month.

Source: Execs of defunct Campbell company deny raiding employee stock fund – Work It, Lynchburg: News

Rarely do ESOPs not work out.   Read about another challenged ESOP that received negative publicity.  Act Now