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HALPERIN v. RICHARDS

Case No. 19-C-1561.

665 B.R. 626 (2024)

Alan D. HALPERIN and Eugene I. Davis, as Co-Trustees of the Appvion Liquidating Trust, Plaintiff, v. Mark R. RICHARDS, Thomas J. Ferree, Tami L. Van Straten, Jeffrey J. Fletcher, Kerry S. Arent, Stephen P. Carter, Terry M. Murphy, Andrew F. Reardon, Kathi P. Seifert, Mark A. Suwyn, and David A. Roberts, Defendants.

United States District Court, E.D. Wisconsin.

Signed September 30, 2024.

Attorney(s) appearing for the Case

Gordon Z. Novod, Grant & Eisenhofer PA, New York, NY, Vivek Upadhya, Frank Hastings Griffin, Grant & Eisenhofer PA, Wilmington, DE, for Plaintiff.

Craig C. Martin, Alex Owings, Amanda S. Amert, LaRue Lawrence Robinson, Laura Leigh Norris, Willkie Farr & Gallagher LLP, Chicago, IL, Michael T. Graham, Thompson Coburn LLP, Chicago, IL, for Defendants.

DECISION AND ORDER

In late 2001, the employees of Appvion, Inc., contributed nearly $107 million from their 401(k) retirement accounts to an employee stock ownership plan (ESOP), which was used to purchase all of the common stock of Paperweight...

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