Fernandez

Fernandez v. KM INDUSTRIES HOLDING CO., INC.

Good Law
646 F. Supp. 2d 1150
United States District Court, Northern District of CaliforniaSeptember 8, 2009C 06-7339 CWCalifornia4,891 words

Opinion

Opinion

Ronald Lovitt, Henry I. Bornstein, Lovitt & Hannan, Inc., Donald Patrick Sullivan, Nicole A. Diller, Andrew Cameron Sullivan, Morgan, Lewis & Bockius LLP, Terence French Young, Law Offices of Terence F. Young, San Francisco, CA, Allison K. Chock, Bruce Scott Bennett, Caroline M. Walters, James Michael Hennigan, Lauren A. Smith, Paul Brentwood Derby, Robert Louis Palmer, Hennigan Bennett & Dorman LLP, Los Angeles, CA, for Defendants.

ORDER DENYING NORTH STAR'S MOTION FOR JUDGMENT ON THE PLEADINGS AND GRANTING THE SETTLING PARTIES' CROSS-MOTION FOR JUDGMENT ON THE PLEADINGS

CLAUDIA WILKEN, District Judge.

Plaintiffs Thomas Fernandez, Lora Smith and Tosha Thomas brought this action under the Employee Retirement Income Security Act (ERISA). They allege, among other things, that Defendant North Star Trust Company breached its fiduciary duties as the trustee of an employee stock ownership plan (ESOP) in which they participate. North Star now moves for judgment on the pleadings on its cross-claims for contractual indemnity against Defendant K-M Industries Holding Co., Inc. (KMH) and against Defendants William E. and Desiree B. Moore Revocable Trust, Trustees of the William E. and…

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