The 12 Days of ESOPs, Day 10: Scott Stitt, ERISA Attorney at Tucker Ellis, LLP, on representing ESOPs

The 12 Days of ESOPs, Day 10: Scott Stitt, ERISA Attorney at Tucker Ellis, LLP, on representing ESOPs

We’re celebrating the spirit of the ESOP Movement with The Twelve Days of ESOPs.

12 Days of ESOPs
Our guests over these twelve days hail from a variety of fields in ESOP World – from lawyers, to valuators, to CEOs, and even employee owners themselves – each bringing their own unique outlook and experience to our ongoing conversation about what makes ESOP participation so valuable to companies.
On the tenth day of ESOPs, our guest is Scott Stitt, an ERISA (Employee Retirement Income Security Act) Attorney at Tucker Ellis LLP‘s Columbus Ohio office. He has a national litigation practice, focusing on ERISA and related employment and business disputes. This is a wide-ranging discussion of general trends in ERISA litigation, the recent history of interactions of ESOPs with the Department of Labor, and the implications of the GreatBanc DOL Settlement ESOP Fiduciary Process Agreement, First Bankers Trust DOL Settlement, and the BAT Masonry Agreement.

🕴️🕴️🕴️🕴️🕴️🕴️🕴️🕴️🕴️🕴️ Want to avoid ten lawyers a-leaping to your defense? Prevention is the best cure; it is good practice to treat DOL audits like a deposition.

More about Scott Stitt


Scott Stitt

Scott Stitt [Source: Tucker Ellis LLP, Our People]

“[Scott Stitt] has served as lead trial counsel representing corporations, employee stock ownership plan (ESOP) and defined benefit plan trustees, physicians and medical practice groups, and individuals in complex class action litigation in Ohio, New York, Illinois, California, Indiana, Missouri, and other jurisdictions.

Scott is experienced in ERISA criminal and civil disputes, including DOL and IRS audits and investigations, benefit claim disputes, breach of fiduciary duty claims, alleged prohibited transactions, and executive compensation and employment issues. He has extensive experience with ESOPs, and has served as both litigation counsel and special counsel to ESOP trustees and other ERISA fiduciaries.

Scott also litigates employment and business disputes in state and federal court, including claims for breach of contract, misappropriation of trade secrets, fraud, breach of fiduciary duty, and disputes over the value of privately held businesses and other assets.

Scott and his wife reside in the German Village area of Columbus with their yellow Lab Gus.”

[Source: Tucker Ellis LLP, Our People]

More about Tucker Ellis, LLP ESOP Services

Tucker Ellis, LLP Logo

“Employee stock ownership plans – ESOPs – can be complicated, often involving multiple areas of law. [Tucker Ellis’] ESOP Group uses an efficient team approach, working closely across disciplines to ensure a seamless delivery of services to our clients. Our practice includes significant depth in every aspect of a full-service ESOP practice – ERISA, tax, corporate finance, lending, securities regulation, corporate and fiduciary governance, estate planning, and mergers and acquisitions – making our practice the one-stop shop our ESOP clients need.”

[Source: Tucker Ellis LLP Services]


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