Foster
Foster v. Adams and Associates, Inc.
Opinion
Trial Court Opinion
UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 6 CAROL FOSTER, et al., Case No. 18-cv-02723-JSC
Plaintiffs,
ORDER RE: PLAINTIFFS’ MOTION
v. FOR FINAL APPROVAL OF CLASS
ACTION SETTLEMENT; MOTIONS
ADAMS AND ASSOCIATES, INC., et al., FOR ATTORNEY’S FEES, COSTS, Defendants. AND INCENTIVE AWARDS 11 Re: Dkt. Nos. 236, 237, 241
13 Carol Foster and Theo Foreman brought this class action under the Employee Retirement 14 Income Security Act of 1974 (“ERISA”), 29 U.S.C. §§ 1001, et seq., on behalf of participants and 15 beneficiaries of the Adams and Associates Employee Stock Ownership Plan. Plaintiffs allege that 16 Adams and Associates, Inc., Roy A. Adams, Leslie G. Adams, Daniel B. Norem, Joy Curry 17 Norem, and The Daniel Norem Revocable Trust Dated January 9, 2002, (collectively 18 “Defendants”) breached their fiduciary duty to Plaintiffs, participated in prohibited transactions, 19 failed to make required disclosures, and improperly agreed to indemnification. The Court 20 previously certified a class under Federal Rules of…