Marty WALSH, Secretary of Labor, United States Department of Labor, Plaintiff-Appellee,
v.
Adam VINOSKEY; The Adam Vinoskey Trust, Defendants-Appellants, and
Evolve Bank & Trust; Michael New; Sentry Equipment Erectors, Inc.; The Sentry Equipment Erectors, Inc. Employee Stock Ownership and Savings Plan, Defendants.
Kim Blaugher, Executive Director of the Beyster Institute at the University of California San Diego's Rady School of Management; American Society of Appraisers, Amici Supporting Appellant.
United States Court of Appeals, Fourth Circuit.https://leagle.com/images/logo.png
Affirmed in part and reversed in part by published opinion. Judge QUATTLEBAUM wrote the opinion, in which Judge NIEMEYER and Judge DIAZ joined.
QUATTLEBAUM, Circuit Judge.
The Employee Retirement Income Security Act of 1974 (ERISA) prohibits any fiduciary of an employee benefit plan from causing the plan to engage in transactions with a "party in interest" when the party in interest receives more than fair market value. A fiduciary who violates...
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