Jessop v. Larsen

Bailey Glasser negotiated a settlement under which the former top officers and owners of once-high flying nutritional juice company MonaVie, and plan trustee Bankers Trust Co. of South Dakota, agreed to pay $19.8 million to settle a lawsuit over an employee stock program that lost nearly all of its value within about two years. Bankers Trust also agreed to a permanent injunction barring it from serving as an ESOP trustee. Notably, we recovered well more than the available insurance coverage from the defendants.