BOWERS, et al., Plaintiffs,
v.
RUSSELL, et al., Defendants.
United States District Court, D. Massachusetts.https://leagle.com/images/logo.png
Signed February 15, 2024.
Signed February 15, 2024.
Attorney(s) appearing for the Case
Brandon T. McDonough, Pro Hac Vice, Charles Gokey, Carl F. Engstrom, Mark E. Thomson, Pro Hac Vice, Charlie C. Gokey, Pro Hac Vice, Engstrom Lee McDonough Thompson & Thomson, LLC, Minneapolis, MN, Jason M. Leviton, Block & Leviton LLP, Boston, MA, for Plaintiff Rita Bowers.
Brandon T. McDonough, Pro Hac Vice, Charles Gokey, Carl F. Engstrom, Charlie C. Gokey, Pro Hac Vice, Engstrom Lee McDonough Thompson & Thomson, LLC, Minneapolis, MN, Jason M. Leviton, Block & Leviton LLP, Boston, MA, for Plaintiffs Michele Gear-Cole, Florence Lorenzano, Reginald Tercy, Russelectric Inc. Employee Stock Ownership Plan.
Dustin F. Hecker, Adam L. Littman, Nicholas J. Nesgos, ArentFox Schiff LLP, Boston, MA, Grace V. Bacon Garcia, Morrison Mahoney LLP, Boston, MA, for Defendants John H. Russell, Lisa J. Russell, Suzanne E. Russell.
Grace V. Bacon Garcia, Morrison Mahoney LLP, Boston, MA, Nicholas J. Nesgos, ArentFox Schiff LLP, Boston, MA, for Defendants Russelectric Stockholder Trusts, Russelectric Stock Proceeds Trusts.
Debbie W. Harden, Womble Bond Dickinson (US) LLP, Charlotte, NC, Jed M. Nosal, Womble Bond Dickinson (US) LLP, Boston, MA, Grace V. Bacon Garcia, Morrison Mahoney LLP, Boston, MA, Sarah Meyer, Womble Bond Dickinson (US) LLP, Baltimore, MD, for Defendant Denise D. Wyatt.
Theodore M. Becker, McDermott Will & Emery, Chicago, IL, Annabel Rodriguez, McDermott Will & Emery LLP, Boston, MA, Grace V. Bacon Garcia, Morrison Mahoney LLP, Boston, MA, Julian Lucien Andre, McDermott Will & Emery, Los Angles, CA, for Defendant Dennis J. Long.
Lars C. Golumbic, Pro Hac Vice, Paul J. Rinefierd, Pro Hac Vice, Groom Law Group, Chartered District of Columbia, Washington, DC, Sean Abouchedid, Washington, DC, Grace V. Bacon Garcia, Peter A. Monaco, Morrison Mahoney LLP, Boston, MA, for Defendant Argent Trust Company.
Grace V. Bacon Garcia, Morrison Mahoney LLP, Boston, MA, for Defendant John and Jane Does 1-25.
MEMORANDUM AND ORDER
SARIS, United States District Judge.
The employees of Russelectric, Inc. ("Company") received stock in the Company through an Employee Stock Ownership Plan ("ESOP" or "Plan") as a retirement benefit. When the founder of the Company passed away, the Company's Board of Directors terminated the...
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