Waller v. Blue Cross of California

32 F.3d 1337 18 Employee Benefits Cas. 1513 Gerald E. WALLER; Robert C. Bryson; Harold Kurofsky; James E. Fenningham; Elizabeth Montgomery; Walter Boge, on Behalf of Themselves and All Others Similarly Situated and Derivatively on Behalf of the Former Non-Contributory Retirement Program for Certain Employees of Blue Cross of California, Plaintiffs-Appellants, v. BLUE CROSS OF CALIFORNIA, Blue Cross and Blue Shield Association and Leonard D. Schaeffer, Defendants-Appellees. No. 92-55487. United States Court of Appeals, Ninth Circuit. Argued and Submitted Aug. 5, 1993. Decided July 5, 1994. Michael A. Sherman, Barrack, Rodos & Bacine, San Diego, CA, and Leonard Barrack, Barrack, Rodos & Bacine, Philadelphia, PA, and William S. Lerach, Milberg, Weiss, Bershad, Spechrie & Lerach, San Diego, CA, for plaintiffs-appellants. James C. Martin and Kurt C. Peterson, Crosby, Heafey, Roach & May; Jeffrey S. Davidson, Alexander F. MacKinnon, Kirkland & Ellis, Los Angeles, CA; James W. Rankin; and James R. Grimes, Chicago, IL, for defendants-appellees. Philip R. Hertz, Washington, DC, for amicus Pension Benefit Guar. Corp. Susan M. Green, Washington, DC, for amicus Secretary…