Grant & Eisenhofer secured a favorable appellate reversal and confidential settlement for bankruptcy trustees in fiduciary duty and fraudulent transfer action
Plaintiff(s):
Appvion Liquidating Trust (Co-Liquidating Trustees)
Defendant(s):
Former Appvion executives, including Mark Richards
Jurisdiction:
U.S. Bankruptcy Court for the District of Delaware, U.S. District Court for the Eastern District of Wisconsin and U.S. Court of Appeals for the Seventh Circuit
Case type / claims:
Breach of fiduciary duty, unlawful dividends, fraudulent transfer and avoidable preference claims arising out of the Appvion bankruptcy.
Year:
2025
Outcome:
- Seventh Circuit reversed prior dismissal based on ERISA preemption.
- Confidential settlement reached April 2025.
