On July 23, Tucker Ellis and Lazear Capital Partners presented a webinar, “What You Need to Know Now About ESOPs in Times of Economic Distress.” Panelists included Scott Stitt, Brian Jackiw, and Christy Prince, who discussed how boards of directors, banks, ESOP trustees, and other professionals analyze and deal with the competing issues – under state corporate law, under ERISA, and in the company’s loan documents – when an ESOP-owned company has a downturn and the options for moving forward.