Durham Jones & Pinegar (DJP) announced that prominent ERISA lawyers W. Waldan Lloyd and John D. Walch, formerly of the law firm Callister Nebeker & McCullough, have joined DJP as shareholders.
Mr. Lloyd currently serves as Chair of the American Bar Association (ABA) Section of Taxation – Employee Benefits Committee. Mr. Lloyd has more than 30 years of experience advising clients on the design and drafting of all forms of retirement plans, including 401K plans, ESOPs, VEBAs, and plans for individuals as well as those covering tens of thousands of employees. His practice includes ERISA compliance matters, advising plan trustees and fiduciaries in connection with plan transactions such as decisions to accept tender offers, to purchase or sell employer securities and to sell plan assets. He has defended plan fiduciaries accused of fiduciary breaches and represented plan participants in connection with claims against fiduciaries for violations of ERISA. Mr. Lloyd is a frequent lecturer and presenter on pension and welfare benefit plan-related issues, and, in addition to the ABA, is an active member of a number of national, regional and local employment, labor, benefits and tax associations.
With more than 25-years of experience, Mr. Walch works with employers to design, prepare and resolve issues relating to a broad range of qualified and non-qualified benefit plans, including equity-based incentive compensation plans, ESOPs, non-qualified deferred compensation plans, qualified retirement plans and welfare benefit plans, including health, cafeteria and flexible spending plans. Mr. Walch has designed, drafted and obtained IRS approval of hundreds of qualified retirement plans. For plans facing disqualification or other sanctions, he has obtained dozens of compliance statements from the IRS and negotiated positive outcomes in response to U.S. Dept. of Labor (DOL) investigations. He advises plan fiduciaries on operational issues involving fiduciary liability and plan administration issues, QDROs and benefit claims or appeals. He also drafts service provider and business associate agreements for plans and plan sponsors. He has tried over 50 ERISA benefit cases in federal court. Mr. Walch also designs deferred compensation arrangements and incentive plans involving stock options, restricted stock, stock appreciation rights and phantom stock. He advises employers on parachute payments, COBRA, HIPAA and other benefit plan issues, including prohibited transactions and obtaining DOL exemptions. He also advises plans and plan sponsors involved in corporate transactions, including whether an ESOP should accept or decline a tender offer, sell employer stock, or spin-off plan assets.
“We are delighted to welcome these two respected, high-profile and exceptional attorneys to our Firm as we continue to expand our Employment Law practice at DJP,” said Kevin Pinegar, Managing Partner.
ABOUT DURHAM JONES & PINEGAR
Durham Jones & Pinegar is one of the largest law firms based in the State of Utah and has been rated #1 in business and transaction law in Utah by Super Lawyers. Durham Jones & Pinegar offers legal services through its five offices in various practice areas including: Business & Finance, Commercial Litigation, Intellectual Property, Estate Planning, Real Estate, Bankruptcy, Employment Law and more.
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