Court rejects Ferrellgas ESOP trustee’s request for restraining order

On the eve of being replaced as trustee of the employee stock ownership program (ESOP) for Ferrell Cos. Inc., Illinois-based GreatBanc Trust Co. saw its request for a temporary restraining order denied by the U.S. District Court in Kansas.

However, the battle isn’t entirely over, since the ESOP trustee’s request for a preliminary injunction remains pending. A preliminary injunction could continue the faceoff between GreatBanc and Ferrell Cos.’ board of directors, which are each trying to remove…

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