Tidyman's Employee ESOP
In the Tidyman's cases, our clients were Employee Stock Ownership Plan (ESOP) participants whose retirement accounts were wiped out after corporate management made self-interested decisions to hold onto company stock when an opportunity to sell existed. Management elevated their own interests in continuing in their lucrative executive positions over and above the interests of the employee shareholders. After securing settlements from the corporate misfeasors, the firm successfully represented the employees in pursuing insurance coverage from the insured defendants and liability carrier. This case involved litigation at the trial court level in four distinct actions in state and federal court across two states, as well as three separate appeals to the Ninth Circuit and Montana Supreme Court.