GRINDSTAFF v. GREEN

Karl GRINDSTAFF, Individually and as a Member, North American Rayon Corporation/North American Corporation ESOP Administrative Committee; Bill McKinney, Ray Davis, Roy Miller, Gary Williams, and Shirlene White, on their own behalf and on behalf of others similarly situated as Employee Owners of North American Corporation/North American Rayon Corporation, and as Participants and Beneficiaries of North American Rayon Corporation/North American Corporation ESOP; and United Textile Workers of American, AFL-CIO, CLC and its subordinate Local Union Nos. 2207 and 2614, Plaintiffs-Appellants, v. Charles GREEN, President and Director, North American Corporation and Member, North American Rayon Corporation/North American Corporation ESOP Administrative Committee; Tony Butts, Vice President and Director, North American Corporation and Member, North American Rayon Corporation/North American Corporation ESOP Administrative Committee; William E. Andersen, Director, North American Corporation; David Henry, Director, North American Corporation; North American Corporation, a Tennessee Corporation; North American Rayon Corporation, a Tennessee Corporation, Defendants-Appellees, First American National Bank, in its capacity as Trustee of the North American Corporation Employee Stock Ownership Plan, Defendant.