Chojnacki v. Georgia-Pacific Corp.
Court of Appeals for the Seventh Circuit
1Opinion of the Court
TERENCE T. EVANS, Circuit Judge.
In November 1989 Great Northern Nekoo-sa’s paper mills were buzzing with rumors of a possible hostile takeover. To provide a sense of security for its employees who were not protected either by collective bargaining or individual severance agreements, Great Northern established the EPP, an employee benefit plan governed by ERISA, 29 U.S.C. § 1001, et seq. The EPP was designed to provide tin parachutes — lump-sum severance benefits providing less protection than the lavish golden parachutes offered to top-tier corporate executives — to full-time, salaried…
2Cases cited10 opinions
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- Dolores Frahm v. The Equitable Life Assurance Society of the United StatesCourt of Appeals for the Seventh Circuit · 1998
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