Foster
Foster v. Adams and Associates, Inc.
Opinion
Trial Court Opinion
UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 8 CAROL FOSTER, et al., Case No. 18-cv-02723-JSC
Plaintiffs,
ORDER RE: CROSS-MOTIONS FOR
v. SUMMARY JUDGMENT
ADAMS AND ASSOCIATES, INC., et al., Re: Dkt. Nos. 102 & 137 Defendants.
14 Carol Foster and Theo Foreman bring a class action under the Employee Retirement 15 Income Security Act of 1974 (“ERISA”), 29 U.S.C. §§ 1001, et seq., on behalf of participants and 16 beneficiaries of the Adams and Associates Employee Stock Ownership Plan. Plaintiffs allege that 17 Adams and Associates, Inc., Roy A. Adams, Leslie G. Adams, Daniel B. Norem, Joy Curry 18 Norem, and The Daniel Norem Revocable Trust Dated January 9, 2002, (collectively 19 “Defendants”) breached their fiduciary duty to Plaintiffs, participated in prohibited transactions, 20 failed to make required disclosures, and improperly agreed to indemnification. The parties’ cross- 21 motions for summary judgment are now pending before the Court. (Dkt. Nos. 102 & 137.) 22 Plaintiffs have moved for partial summary judgment on their…