Legal Opinion
International Brotherhood of Teamsters v. Daniel
Supreme Court of the United States
Decided January 16, 1979No. 77-753PublishedCited by 533 opinions
1Opinion of the CourtJustice Powell
delivered the ¡opinion of the Court.
This case presents the question whether a noncontributory, compulsory pension plan constitutes a “security” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934 (Securities Acts).
I
In 1954 multiemployer collective bargaining between Local 705 of the International Brotherhood of Teamsters, Chauffeurs, Warehousemen, and Helpers of America and Chicago trucking firms produced a pension plan for employees represented by the Local. The plan was compulsory and noncontributory. Employees had no choice as to participation in the…
2Cases cited24 opinions
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3Cited by533 opinions
- Touche Ross & Co. v. RedingtonSupreme Court of the United States · 1979
- Gladstone, Realtors v. Village of BellwoodSupreme Court of the United States · 1979
- John D. Williamson, Plaintiffs-Appellants-Cross v. Gordon G. Tucker, Defendants-Appellees-CrossCourt of Appeals for the Fifth Circuit · 1981
- Herman & MacLean v. HuddlestonSupreme Court of the United States · 1983
- Southeastern Community College v. DavisSupreme Court of the United States · 1979
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