Appvion Inc Retirement Savings and Employee Stock Ownership Plan v. Richards et al

1:18-cv-01861

January 31, 2025
State Street Must Face Suit Over Paper Co.'s ESOP Valuation

State Street Bank can't escape a suit claiming it allowed executives at a defunct paper company to sell overpriced shares to an employee stock ownership plan, a Wisconsin federal judge ruled, rejecting the firm's assertion that its stock valuation didn't cause any harm.
March 18, 2022
Judge Says Exec Claims Should Be Cut In Appvion Stock Suit

A Wisconsin federal magistrate judge is recommending the dismissal of most of the claims in a second try at a suit alleging ex-executives of bankrupt paper company Appvion Inc. duped workers into sinking their retirement savings into overvalued company stock.
July 27, 2020
Paper Co. Execs Get 401(k) Fraud Suit Tossed, For Now

A Wisconsin federal judge tossed on Monday a sprawling lawsuit claiming former executives of paper company Appvion Inc. fraudulently induced employees into sinking their retirement savings into overvalued Appvion stock that became worthless when the company hit Chapter 11 in 2017, but the judge let investors amend their complaint.
November 27, 2018
Paper Co. Execs Slammed With Suit After 401(k) Losses

Former executives of paper company Appvion Inc. are facing a suit in Wisconsin federal court claiming they talked employees into sinking their retirement savings into overvalued Appvion stock that became worthless when the company hit Chapter 11 in 2017.