Bailey

Bailey v. LinkedIn Corporation

Good Law
United States District Court, Northern District of CaliforniaNovember 16, 20215:20-cv-05704California8,785 words

Opinion

Trial Court Opinion

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA SAN JOSE DIVISION 7 IN RE LINKEDIN ERISA LITIGATION Case No. 5:20-cv-05704-EJD

ORDER GRANTING IN PART AND

DENYING IN PART MOTION TO

DISMISS; DENYING MOTION TO

STAY DISCOVERY

11 Re: Dkt. Nos. 44,

13 Plaintiffs Douglas Bailey, Jason Hayes, and Marianne Robinson filed this putative class 14 action against Defendants LinkedIn Corporation, LinkedIn Corporation’s Board of Directors (“the 15 Board”), LinkedIn Corporation’s 401(k) Committee (“the Committee”), and Does 1-20 who are 16 members of the Board or Committee or are otherwise fiduciaries of the LinkedIn Corporation 17 401(k) Profit Sharing Plan and Trust (“the Plan”), asserting the following claims: (1) breach of 18 fiduciary duties under the Employee Retirement Income Security Act of 1974 (“ERISA”), 29 19 U.S.C. 1001 et seq.; (2) failure to monitor fiduciaries and co-fiduciary breaches under ERISA; 20 and, in the alternative, (3) knowing breach of trust. Am.…

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