APPVION, INC. v. BUTH

No. 23-1073.

APPVION, INC. RETIREMENT SAVINGS AND EMPLOYEE STOCK OWNERSHIP PLAN, by and through GRANT LYON in his capacity as the ESOP Administrative Committee of Appvion, Inc., Plaintiff-Appellant, v. DOUGLAS P. BUTH, et al., Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided April 23, 2024.


Appvion, Inc., is a Wisconsin-based paper company. In the 1990s, Appvion was owned by French conglomerate Arjo Wiggins Appleton. For many years, Appvion struggled to stabilize its financial footing, but this proved to be difficult. Unable to find a suitable buyer as of late 2000, Arjo decided to explore a sale to Appvion's employees...

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