Architecture Firm Gets Labor Department’s ERISA Suit Thrown

By Rachel Stone (September 20, 2021, 3:52 p.m. EDT) – A federal court in Hawaii sided with an architectural firm after a five-day lawsuit, dismissing a US Department of Labor lawsuit that claimed an employee share ownership plan overpaid for the company’s shares and ruling that the federal law on benefits had not been violated.

U.S. District Judge Susan Oki Mollway issued an order on Friday dismissing DOL’s claims that Brian Bowers and Dexter Kubota, who owned Oahu-based Bowers + Kubota Consulting Inc. and managed its ESOP, had violated their obligation under of the Employee Retirement Income Security Act to look out for workers.

“That the government had suspicions and opened an investigation …

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