Gerald G. Roth Logan M. Ammon v. Sawyer-Cleator Lumber Company, Employee Stock Ownership Plan Charles J. Sawyer Clifford E. Sawyer
Court of Appeals for the Eighth Circuit
1Opinion of the Court
MAGILL, Circuit Judge.
Plaintiffs Gerald G. Roth and Logan M. Ammon appeal from the district court’s order granting summary judgment to Charles J. Sawyer and Clifford E. Sawyer, trustees of the Sawyer-Cleator Lumber Company Employee Stock Ownership Plan (the Plan). Roth and Ammon, who were participants in the Plan, claim that the district court erred when it determined that any breach of duty by the trustees resulted in no loss to the Plan. We reverse and remand for further proceedings consistent with this opinion.
I. BACKGROUND
Roth and Ammon are former employees of the Sawyer-Cleator Lumber…
2Cases cited9 opinions
- Massachusetts Mutual Life Insurance v. RussellSupreme Court of the United States · 1985
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- Donovan v. BierwirthCourt of Appeals for the Second Circuit · 1985
- Little Earth Of The United Tribes, Inc. v. United States Department Of Housing And Urban DevelopmentCourt of Appeals for the Eighth Circuit · 1986
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