Zandi-Dulabi
Zandi-Dulabi v. Pacific Retirement Plans Inc.
Opinion
Opinion
Weigel, J.
MEMORANDUM AND ORDER
I. Background
Plaintiff, a California resident, is a trustee of the Iraj Zandi-Dulabi, M.D. Professional Corporation Defined Benefit Pension Trust and the Iraj Zandi-Dulabi, M.D. Professional Corporation Profit Sharing Trust (“the Pension Plan”). Defendant Pacific Retirement Plans, Inc. (“PRP”), a California Corporation, administers, manages, and advises the Pension Plan. Defendant Tiret Accountancy Corporation (“Tiret”), a California Corporation, provides accounting services and advice to the Pension Plan. Defendant Fenwick & West (“F & W”) is a law partnership retained by Plaintiff to advise, counsel and represent the Pension Plan. Defendant Norman W. Glickman is a partner at F & W in charge of F & W’s representation of the Pension Plan.
On February 9, 1993, Plaintiff filed suit in San Mateo County Superior Court against PRP, Tiret, F & W, Glickman, and several Doe defendants. Plaintiff contends that Defendants failed to advise Plaintiff of and protect the Pension Plan from the consequences of being “overfunded” after tax laws changed in 1985 to impose severe penalties on over-funded pension plans. Plaintiffs complaint includes state law causes of action…