Legal Opinion
Erica Harzewski, on Their Own Behalf and on Behalf of All Other Persons Similarly Situated v. Guidant Corporation
Court of Appeals for the Seventh Circuit
Decided June 5, 2007No. 06-3752PublishedCited by 87 opinions
1Opinion of the Court
POSNER, Circuit Judge.
This is a class action under ERISA on behalf of participants and beneficiaries in a pension plan for employees of Guidant Corporation. A manufacturer of cardiovascular devices, Guidant was bought last year by Boston Scientific, which paid for each share of Guidant stock $42.28 in cash plus 1.6799 shares (worth $37.78 at the time, as each share was worth $22.49) of stock in Boston Scientific, for a total value of $80.06. The plan’s portfolio included stock in Guidant held by an ESOP (employee stock ownership plan), and the suit claims that the pension plan’s fiduciaries…
2Cases cited35 opinions
- Firestone Tire & Rubber Co. v. BruchSupreme Court of the United States · 1989
- Dura Pharmaceuticals, Inc. v. BroudoSupreme Court of the United States · 2005
- Massachusetts Mutual Life Insurance v. RussellSupreme Court of the United States · 1985
- Mertens v. Hewitt AssociatesSupreme Court of the United States · 1993
- Meinhard v. SalmonNew York Court of Appeals · 1928
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3Cited by87 opinions
- LaRue v. DeWolff, Boberg & Associates, Inc.Supreme Court of the United States · 2008
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- Jack Leeson v. Transamerica Disability IncomeCourt of Appeals for the Ninth Circuit · 2012
- Graden v. Conexant Systems Inc.Court of Appeals for the Third Circuit · 2007
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