Legal Opinion
Brandt v. Grounds
District Court, N.D. Illinois
Decided December 8, 1980No. 79 C 4325PublishedCited by 5 opinions
1Opinion of the Court
MEMORANDUM OPINION AND ORDER
ASPEN, District Judge:
This cause is before the Court on Mount Prospect State Bank’s (“Bank”) motion to dismiss Count III of plaintiff’s second amended complaint pursuant to Rule 12(b)(6) of the Federal Rules of Civil Procedure. 1 The question presented is whether the Bank is liable for the alleged conversion of certain pension funds on deposit with the Bank by Edward Grounds (“Grounds”), a trustee and fiduciary under ERISA. 2
Plaintiffs, co-trustees and signatories of the funds in contention, brought this action seeking recovery against both Grounds and the Bank for…
2Cases cited2 opinions
- Eaves v. PennCourt of Appeals for the Tenth Circuit · 1978
- Robert S. Fremont and Henry W. Dybal v. McGraw Company, Robert S. Fremont, Ronald L. McCarthy and Henry W. Dybal v. McGraw CompanyCourt of Appeals for the Seventh Circuit · 1979
3Cited by5 opinions
- Brandt v. GroundsCourt of Appeals for the Seventh Circuit · 1982
- Pension Fund-Mid Jersey Trucking Industry-Local 701 v. Omni Funding GroupDistrict Court, D. New Jersey · 1990
- Brandt v. GroundsCourt of Appeals for the Seventh Circuit · 1982
- Silverman v. Mutual Benefit Life InsuranceDistrict Court, E.D. New York · 1996
- Nagy v. DeWeseDistrict Court, E.D. Pennsylvania · 2011