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CHOJNACKI v. GEORGIA-PACIFIC CORP.

No. 96-2609.

108 F.3d 810 (1997)

Stephen CHOJNACKI, Robert Gustin, Emil Kouba, Donald Nickel, James Scott, Roland Sherwood, James Tracy, Robert Votava, and Edward Vruwink, Plaintiffs-Appellants, v. GEORGIA-PACIFIC CORPORATION, Great Northern Nekoosa Corporation, David W. Reynolds, and GNN Employee Protection Plan, Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided March 18, 1997.

Attorney(s) appearing for the Case

Randall J. Andersen, Robert J. Kay (argued), Kay & Andersen, Madison, WI, for plaintiffs-appellants.

Joseph A. Ranney, Donald L. Bach, Dewitt, Ross & Stevens, Madison, WI, Forrest W. Hunter (argued), Charles H. Morgan, Warren R. Hall, Jr., Alston & Bird, Atlanta, GA, for Georgia-Pacific Corp.

Randall A. Constantine (argued), Robert E. Johnson, Jr., Keith L. Richardson, Elrod & Thompson, Atlanta, GA, for David W. Reynolds, GNN Employee Protection Plan, Great North Nekoosa Corp.

Before COFFEY, MANION, and EVANS, Circuit Judges.

TERENCE T. EVANS, Circuit Judge.

In November 1989 Great Northern Nekoosa's paper mills were buzzing with rumors of a possible hostile takeover. To provide a sense of security for its employees who were not protected either by collective bargaining or individual severance agreements, Great Northern established the EPP, an employee benefit plan governed by ERISA, 29 U.S.C. § 1001, et seq. The EPP was designed to provide tin parachutes — lump-sum severance...

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