Broadcast Date: Friday, January 22, 2021
from 3:00 pm to 4:30 pm (ET)


With today’s major economic recession faced by businesses due to the ongoing COVID-19 crisis, the Employee Stock Ownership Plans (ESOPs) continues to be an attractive option for companies seeking to address the need for succession planning to sustain competitive advantage in the market and looking to provide their employees with an ownership interest through a retirement plan.

While ESOPs offer several advantages it offers, including significant tax benefits, as an ESOP is an ERISA-covered retirement plan, those regulations must be carefully considered and addressed. Now more than ever, companies, sellers, fiduciaries and their lawyers must be conversant with the implications of implementing ESOP to ensure that risks are mitigated, while having a favorable market position in a post-coronavirus environment, that the ESOP and its participants receive fair market value and that other ERISA requirements are followed in this post-coronavirus environment.

In this LIVE Webcast, ESOP experts David Johanson (Hawkins Parnell & Young LLP) and Joseph Barton (Block & Leviton LLP) will provide an in-depth discussion of ESOP formation post-COVID-19. Speakers will also offer helpful succession planning tips in maximizing the potentials of ESOPs, ensuring that ESOPs provide the proper benefits to participants, follow ERISA’s requirements and navigating possible challenges along the way.

Some of the major topics that will be covered in this course are:

  • ESOP Formation Post-COVID-19
  • Recent Regulatory Trends and Developments
  • Legal Risks and Challenges
  • Practical Tips and Best Practices
  • Outlook

Learning Objectives:

  • Identify essential considerations when making ESOP transactions and valuations as well as when conducting due diligence in light of COVID-19.
  • Determine the impact of the COVID-19 pandemic on projections and ESOP litigation.


Course Level:



Advance Preparation:

Print and review course materials


Method of Presentation:

On-demand Webcast (CLE); Group-Internet Based



General knowledge of ESOP


Course Code:



NASBA Field of Study:

Business Law – Technical


NY Category of CLE Credit:

Areas of Professional Practice


Total Credits:

1.5 CLE

1.5 CPE (Not eligible for QAS (On-demand) CPE credits)

Speaker Panel:

David R. Johanson, Partner
Hawkins Parnell & Young, LLP

David assists clients in general corporate matters and in employee ownership, benefit, ERISA, and related business matters, with an emphasis on executive compensation, equity incentive plans, non-qualified deferred compensation, employee stock ownership plans (ESOPs), ESOP transactions, mergers and acquisitions (and related tax planning), and business succession and estate planning. David has served as outside general counsel to numerous corporate clients over the past 35 years. He also frequently appears on behalf of clients in business and employment-oriented defense litigation in state and federal courts throughout the country, before regulatory agencies (e.g., U.S. Department of Labor, California Labor Commissioner, and the U.S. Equal Employment Opportunity Commission), in tax controversies before the Internal Revenue Service and comparable state regulatory agencies, against felony criminal indictments in U.S. Federal Court, and in dispute resolutions of various kinds.

R. Joseph Barton, Partner
Block & Leviton LLP

R. Joseph Barton is a Partner at Block & Leviton LLP and leads the firm’s Employee Benefits practice and Veterans/USERRA practice.  He represents employees in a variety of employee benefit disputes, fiduciary breaches or other ERISA or USERRA violations and also represents fiduciaries of plans with claims against other fiduciaries.  He has been trial counsel for plaintiffs in several ERISA trials, including two cases involving ESOPs holding privately-held stock. In a case affirmed by the Seventh Circuit, he represented a class of participants and obtained a favorable liability decision and remedies award of over $20 million after trial concerning a complex transaction involving the purchase of stock by the Trachte Building Systems ESOP.



David R. JohansonPartner

Hawkins Parnell & Young, LLP

  • ESOP transactions (preparation and process)
  • Valuations and projections how to prepare in a post-COVID world and how to adjust these
  • Due Diligence and how this has changed due to COVID


R. Joseph BartonPartner

Block & Leviton LLP

  • COVID impacts
  • How has business and projections changed
  • Adjusting projections
  • Case law updates

Date & Time:

Friday, January 22, 2021

3:00 pm to 4:30 pm (ET)

Who Should Attend:

  • Employee Benefits & Compensation Lawyers and Consultants
  • ESOP Lawyers
  • Benefits Managers
  • Employees and Employers
  • Retirement Plan Financial Professionals
  • Finance Executives
Preventing Ransomware Attacks: A Practical Guide to Enhancing IT Security and Resiliency,
Speaker Preferred Package (Online Payment)
Asbestos Litigation: Demystifying Trends, Developments, and Defense Strategies,
New York Online CLE Bundle
Pennsylvania Online CLE Bundle
California Online CLE Bundle
Supercharging Privilege Review With AI, Analytics, and Automation,
The Hows and Whys of Child Abuse Reporting: A Comprehensive Ethical Guide for Lawyers,
Understanding R&D Tax Credits and Amortization: Navigating Changes and Maximizing Benefits,
Maximizing Your Innovation ROI: R&D Tax Credits in 2024 and Beyond,
Winning Patent Litigation: Essential Strategies and Tactics,
Cartel Investigations: A Blueprint for Defense,
Demystifying Economic Sanctions: Strategies for Success in a Global Economy,
Antitrust 'No-Poach' Agreement Enforcement: Key Focus Areas in 2024,
Practical Trademark Perspectives from U.S. and Canadian Counsel,
Effectively Manage KYC Compliance: Keep Up with the Times by Getting Back to Basics,
OFAC Regulations and the Economic Sanctions Compliance Programs: Best Practices,
'Zombie' LIBOR for USD Contracts: Navigating the Critical Issues, ,
Calculating Lost Profits in Construction Claims: A Practical Guide,
False Claims Act and COVID-19 Implications: Key Considerations and Best Practices, ,


David R. JohansonPartner
Hawkins Parnell & Young, LLP
R. Joseph BartonPartner
Block & Leviton LLP



View Details


View Details


View Details

Join Over 160,000 Professionals Empowering Their Careers

Learn anywhere from over 3000+ live and recorded CLE, CPE & Technology Webcasts.