B. David Joffe

Partner

djoffe@bradley.com

Nashville P: 615.252.2368 M: 615.496.1969 F: 615.252.6368

Legal Assistant

Susan Lampley

P: 615.252.3540 slampley@bradley.com

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Partial ESOPs from The Journey to an ESOP

The ESOP Guy: The Journey to an ESOP

In this podcast episode, Bradley partner David Joffe explores partial ESOPs as either non-leveraged, non-leveraged with redemption, or leveraged. It provides a good overview of each type with pros and cons so that the listener can better understand their options early on in the ESOP process.

Listen to EP21 - Interview with ESOP attorney, David Joffe, Partial ESOPs from The Journey to an ESOP:

“David is a sound professional. He is very accessible and has great follow through. He can take on the most complex projects and make it look easy.” CLIENT QUOTED IN BEST LAWYERS

Area(s) of Focus

Vanderbilt University, Master of Liberal Arts & Science, 2011
University of Texas School of Law, J.D., 1987, High Honors; Chancellors; Order of the Coif; Legal Research and Writing Award; Best Team, Oral Advocacy; Associate Editor, Texas Law Review
London Institute on International Law, Diploma, 1985
Trinity University, B.A., Political Science, 1983, summa cum laude, Phi Beta Kappa

Alabama
Tennessee
Texas

United States Court of Appeals, 5th Circuit, Honorable Robert M. Hill

Alabama Profit Sharing/401(k) Council

American College of Employee Benefits Counsel, Simplification Award Committee

Employee-Owned S Corporations of America

ESOP Association

Nashville Bar Association

National Center for Employee Ownership

Nashville Opera Advisory Board of Directors

Tennessee Employer Benefits Alliance, Board Member

Tennessee Center for Employee Ownership, Board Member, Secretary (Past Vice President and Treasurer)

University School of Nashville Retirement Subcommittee

Accolades

Listed in Best Lawyers in America® Employee Benefits (ERISA) Law, 2011-2023 "Lawyer of the Year," Nashville, Employee Benefits (ERISA) Law, 2015 Listed in Fiduciary News, Top ERISA Attorney, 2011 Listed in Nashville Best Lawyers, 2010-2020 Listed in Mid-South Super Lawyers, Employee Benefits/ERISA Practice, 2006 Martindale-Hubbell® AV Preeminent Rating Represented the trustee of an ESOP in the purchase of 100% of the stock of a Florida-based engineering firm. Represented a Texas oil and gas company in a $95 million partial sale to an ESOP. Represented an ESOP trustee in the purchase of 100% of the stock of an Alabama-based government contractor following a corporate redemption at an aggregate transaction price of $130 million. Represented the nation's largest producer of construction aggregates in acquisitions involving defined benefit and defined contribution plans. Represented the trustee of an ESOP in the sale of a $60 million manufacturing facility. Represented a telecommunications company in a $70 million ESOP transaction. Represented the trustee of an ESOP in the purchase of a minority interest in a technology advisory firm. Represented the trustee of an ESOP in the sale of a minority interest in an insurance brokerage firm as part of a $189 million transaction. Represented a government contractor in a second-stage ESOP transaction involving a later transfer of funds from a 401(k) plan. Represented an Alabama-based government contractor in a $135 million sale to an Alaska native corporation. Represented an agricultural products company in a sale to an ESOP for $160 million. Represented other government contractors in ESOP transactions ranging from $20 million to $100 million. Represented multi-state hospital companies regarding employee benefits issues in mergers and acquisitions. Represented lenders in various ESOP transactions, including an engineering company, an oil and gas company, and a physician group. Represented an aviation company in connection with a stock sale and issues regarding multiemployer plans. Represented a publicly traded poultry processing company in maintenance of defined contribution plan and an ESOP. Represented a publicly traded manufacturing company regarding transfer and assumption of defined benefit plan obligations. Represented small and large employers in Department of Labor and Internal Revenue Service investigations and audits. Design and restatements of multiple deferred compensation arrangements for both publicly traded and privately held companies. Represented administrative committee of one of the largest U.S. public retirement systems.