Ferrellgas Partners LP has a drama unfolding in federal court that will determine not only control of the company, but the fate of the retirement savings for 4,664 employees in its employee stock-ownership plan (ESOP).
So who are the players fighting for control?
In one corner is GreatBanc Trust Co., a company based in Lisle, Ill., that has been trustee for the Ferrell Cos. Inc. Employee Stock Ownership Trust for the past 13 years. GreatBanc was formed in 1989 and has done ESOP trustee work for…
Ferrellgas Partners LP has a drama unfolding in federal court that will determine not only control of the company, but the fate of the retirement savings for 4,664 employees in its employee stock-ownership plan (ESOP).
So who are the players fighting for control?
In one corner is GreatBanc Trust Co., a company based in Lisle, Ill., that has been trustee for the Ferrell Cos. Inc. Employee Stock Ownership Trust for the past 13 years. GreatBanc was formed in 1989 and has done ESOP trustee work for…