Tabitha Croscut
Court Rejects ESOP Claims Against Auditor in Appvion Bankruptcy Fallout
Appvion, Inc. Retirement Savings and Employee Stock Ownership Plan v. PriceWaterhouseCoopers LLC, No. 2023AP1709 (Wis. Ct. App. Jan. 27, 2026)
The Appvion, Inc. Retirement Savings and Employee Stock Ownership Plan (ESOP) owned 100% of Paperweight Development Corporation's stock. In 2017, Paperweight Development Corporation (PDC) and its subsidiary Appvion, Inc. filed for bankruptcy, leaving the PDC stock worthless.
