The BDO USA ESOP may have suffered a multimillion-dollar loss in retirement savings. If you worked for BDO on or after August 2023, you may have been impacted. Please complete the contact form to learn more.
Background
In 2023, the leadership of BDO USA sold company stock to the employees through an employee stock ownership plan (ESOP). The ESOP paid some $1.28 billion for BDO stock, according to Department of Labor filings. We believe that ESOP trustees may have had a conflict of interest, causing the ESOP to overpay and incur losses for participants.
These issues could potentially form the basis for a class action lawsuit. The lawsuit would aim to obtain compensation for affected BDO USA ESOP participants, as well as discourage ESOP mismanagement.
If you would like to join our investigation or learn more, please submit our contact form.
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Cohen Milstein Sellers & Toll PLLC is recognized as one of the largest and most diversified plaintiff-side litigation firms in the country — with over 100 attorneys in offices in Washington, DC, New York, Philadelphia, Boston, Chicago, Minneapolis, Palm Beach Gardens, and Raleigh.
Our firm has earned an international reputation by winning complex cases that others did not want to handle. We have litigated numerous groundbreaking cases, some resulting in landmark decisions on previously untried issues involving antitrust, securities, consumer rights, civil rights, and other far-reaching matters.
If you have already retained a lawyer for this matter, please disregard this communication. Any endorsement in this advertisement does not constitute a guarantee, warranty, or prediction regarding the outcome of your legal matter. No representation is made that the quality of the legal services to be performed is greater than the quality of legal services performed by other lawyers. Prior results do not guarantee a similar outcome. Attorneys Ryan Wheeler (admitted in CA and DC), Daniel Sutter (admitted in DC and MD), and Jacob Schutz (admitted in MN) of Washington, DC-headquartered law firm Cohen Milstein Sellers & Toll PLLC are investigating this matter.