Department of Labor Complaint for ERISA Violations

This document is about a complaint filed by the U.S. Department of Labor against the fiduciaries of the RVNB Holdings, Inc. Employee Stock Ownership Plan (ESOP) for breaching their fiduciary duties under ERISA and engaging in prohibited transactions. The complaint alleges that the ESOP trustee and RVNB's board members failed to act prudently and loyally when they sold the ESOP's shares in RVNB for significantly less than their fair market value, resulting in millions of dollars in losses to the ESOP and its participants.