McLellan v. Klein

OPINION

BURGESS, Justice.

This suit was brought by management level employees of the now defunct The Fair, *955Inc., who were participants in a supplemental income plan. They had tried to recover their benefits in The Fair’s bankruptcy proceeding, but the bankruptcy court ruled that they did not have a secured interest in the plan, nor an ownership interest in the policies insuring the participants’ lives, and as a result they recovered only a small fraction of their bankruptcy claim. Then Kenneth McLellan, Joseph 0. Chargois, James Glinsky, Salvador Mitrani, Jerry Ford, Lura Luquette, Eleanor J.…