Foster
Foster v. Adams and Associates, Inc.
Opinion
trial_court Opinion
1 2 3 4 5 UNITED STATES DISTRICT COURT 6 NORTHERN DISTRICT OF CALIFORNIA 7 8 CAROL FOSTER, et al., Case No.18-cv-02723-JSC
9 Plaintiffs,
AMENDED ORDER RE: PLAINTIFFS’
10 v. MOTION FOR CLASS
CERTIFICATION
11 ADAMS AND ASSOCIATES, INC., et al., Re: Dkt. No. 79 Defendants. 12
13 Plaintiffs Carol Foster and Theo Foreman bring a class action suit under the Employee 14 Retirement Income Security Act of 1974 (“ERISA”), 29 U.S.C. §§ 1001, et seq., on behalf of 15 participants and beneficiaries of the Adams and Associates Employee Stock Ownership Plan 16 (“ESOP”). Plaintiffs allege that Adams and Associates, Inc., Roy A. Adams, Leslie G. Adams, 17 Daniel B. Norem, Joy Curry Norem, and The Daniel Norem Revocable Trust Dated January 9, 18 2002, (collectively “Defendants”) breached their fiduciary duty to the Plaintiffs, participated in 19 prohibited transactions, and failed to make required disclosures. Plaintiffs’ motion for class 20 certification is now pending before the Court.1 (Dkt. No. 79.) Defendants’ only opposition to 21 Plaintiffs’ motion is that Plaintiff Carol Foster…