Solis v. Webb
District Court, N.D. California
1Opinion of the Court
ORDER DENYING DEPENDANTS’ MOTIONS TO DISMISS
EDWARD M. CHEN, District Judge.
I. INTRODUCTION
Plaintiff Hilda L. Solis, the Secretary of the United States Department of Labor (“Secretary”), filed an action under the Employee Retirement Income Security Act of 1974 (“ERISA”), 29 U.S.C. §§ 1001 et seq., on April 25, 2012, against the fiduciaries of an Employee Stock Ownership Plan (“an ESOP”) for allegedly causing or permitting an ESOP to purchase stock for more than the stock’s fair market value. See Compl. (Docket No. 1). Defendants Matthew Fidiam (“Fidiam”) and J. Robert Gallueci (“Gallucci”)…
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