Penny Gallo concentrates on ERISA, employee benefits and executive compensation.

Experience

Recent Matters

Designed and implemented tax effective compensation arrangements to attract, incentivize, and retain senior executives, including nonqualified deferred compensation arrangements, incentive bonus plans, and rabbi trusts
Designed and qualified with IRS 401(k), pension, and profit-sharing plans for numerous public and private companies
Represented plan fiduciaries in ERISA litigation, governmental investigations and audits
Advised a public company on the impact of Sarbanes-Oxley on the company’s split-dollar arrangements
Represented Maxtor Corporation on all aspects of benefits and executive compensation issues in connection with its combination with the hard disc drive (HDD) business of Quantum Corporation
Represented a broad range of public and private companies with respect to company stock owned by qualified plans, including advising plan fiduciaries in hostile takeover attempts, advising in connection with buyout of over $75 million of company stock owned by ESOPs, and counseling ESOP-owned companies in connection with IPOs
Implemented a fiduciary protection program to minimize risk of ERISA liability for a public company’s 401(k) plan fiduciaries
Advised a private company on management buyout of a business from a public company, and designed and implemented all associated compensation arrangements
Implemented a full compliance program for HIPAA privacy requirements
Represented high-net-worth individuals with regard to their personal tax and estate planning