{"id":8303,"date":"2025-06-23T15:21:11","date_gmt":"2025-06-23T15:21:11","guid":{"rendered":"https:\/\/www.europesays.com\/us\/8303\/"},"modified":"2025-06-23T15:21:11","modified_gmt":"2025-06-23T15:21:11","slug":"computing-part-maker-stock-plan-suit-tossed-on-standing-grounds","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/8303\/","title":{"rendered":"Computing Part Maker Stock Plan Suit Tossed on Standing Grounds"},"content":{"rendered":"<p>An employee stock ownership plan participant lost for now his lawsuit challenging the ESOP\u2019s $80 million acquisition of his employer, a military computer hardware maker, for failure to show he\u2019d been harmed by the deal.<\/p>\n<p>Plaintiff Scott MacTaggert\u2019s complaint includes no specific information about his <a href=\"https:\/\/www.xes-inc.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Extreme Engineering Solutions Inc.<\/a> employee stock ownership plan account or its value, and the defendants provided documents showing an increase in the plan\u2019s assets, Judge <a href=\"https:\/\/www.bloomberglaw.com\/people\/3697325\" rel=\"nofollow noopener\" target=\"_blank\">William M. Conley<\/a> said on June 20. <\/p>\n<p>This failure to show a valid injury means MacTaggert lacks standing to press his claims, <a href=\"https:\/\/www.bloomberglaw.com\/public\/document\/MacTaggert_v_Pro_Fiduciary_Servs_LLC_No_22cv371wmc_2025_BL_214678\" rel=\"nofollow noopener\" target=\"_blank\">said<\/a> Conley, who sits in the US District &#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"An employee stock ownership plan participant lost for now his lawsuit challenging the ESOP\u2019s $80 million acquisition of&hellip;\n","protected":false},"author":3,"featured_media":8304,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[9579,745,9581,9578,9582,9580,158,67,132,68],"class_list":{"0":"post-8303","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-computing","8":"tag-class-actions","9":"tag-computing","10":"tag-employee-stock-ownership-plans","11":"tag-securities-fraud","12":"tag-standing","13":"tag-stock","14":"tag-technology","15":"tag-united-states","16":"tag-unitedstates","17":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114733363217076677","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/8303","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=8303"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/8303\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/8304"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=8303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=8303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=8303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}