CHESEMORE v. ALLIANCE HOLDINGS, INC.

No. 09-cv-413-wmc.

886 F.Supp.2d 1007 (2012)

Carol CHESEMORE, Daniel Donkle, Thomas Gieck, Martin Robbins and Nannette Stoflet, on behalf of themselves, individually, and on behalf of all others similarly situated, Plaintiffs, v. ALLIANCE HOLDINGS, INC., A.H.I., Inc., David B. Fenkell, Pamela Klute, James Mastrangelo, Jeffrey A. Seefeldt, Alpha Investment Consulting Group, LLC and John Michael Maier, Defendants, and Trachte Building Systems, Inc. Employee Stock Ownership Plan and Alliance Holdings, Inc. Employee Stock Ownership Plan, Nominal Defendants.

United States District Court, W.D. Wisconsin.

July 24, 2012.


Attorney(s) appearing for the Case

Andrew W. Erlandson , Marie A. Stanton , Coad Law Office, Madison, WI, Karen L. Handorf , Michelle Yau , Monya Monique Bunch , Robert Joseph Barton , Bruce Frank Rinaldi , Robyn Michelle Swanson , Cohen Milstein Sellers & Toll PLLC, Washington, DC, for Plaintiffs.

Angela M. Rust , Lora L. Zimmer , Patrick F. Koenen , Appleton, WI, Christopher Craig Woods , Kristen Marie Blankley , Columbus, OH, Jeffrey J. Wedel , Ryan A. Sobel , Cleveland, OH, Karen L. Handorf , Robert Joseph Barton , Cohen Milstein Sellers & Toll PLLC, Washington, DC, Charles B. Wolf , Patrick Williamson Spangler , Benjamin Hartsock , Vedder Price P.C., Chicago, IL, Lynn Marie Stathas , Reinhart Boerner Van Deuren S.C., Madison, WI, for Defendants.


OPINION AND ORDER

WILLIAM M. CONLEY, District Judge.

Once the concept of employee stock ownership plans (ESOPs) gained acceptance in the early 1970s, their numbers grew rapidly. See Steven F. Freedman, Effects of ESOP Adoption and Employee Ownership: Thirty years of Research and Experience, 2007 University of Pennsylvania Dynamics Working Papers, # 07-01 (January 10, 2007), posted at http:// repository.upenn.edu/od_working_papers/ 2. By 1993, more...

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