Legal Opinion

Glass Dimensions, Inc. v. State Street Bank & Trust Co.

District Court, D. Massachusetts

Decided August 22, 2012No. Civil Action No. 10-10588-JLTPublishedCited by 11 opinions

1Opinion of the Court

MEMORANDUM AND ORDER

JOSEPH L. TAURO, District Judge.

I. Introduction

Plaintiff is the fiduciary for the Glass Dimensions, Inc. Profit Sharing Plan and Trust. The Glass Dimensions Plan, like other ERISA retirement plans, invested in collective trust funds. These were offered and managed by Defendants.1 Plaintiff asserts that Defendants breached their fiduciary duty to the Plan, in violation of ERISA, by taking unreasonable compensation for managing the securities lending program on behalf of the Collective Trusts.2 Plaintiffs seek to represent all ERISA plans that invested in a lending fund…

2Cases cited23 opinions

  1. Lujan v. Defenders of WildlifeSupreme Court of the United States · 1992
  2. Amchem Products, Inc. v. WindsorSupreme Court of the United States · 1997
  3. Wal-Mart Stores, Inc. v. DukesSupreme Court of the United States · 2011
  4. Shaw v. Delta Air Lines, Inc.Supreme Court of the United States · 1983
  5. In Re: The Prudential Insurance Company Of America Sales Practices LitigationCourt of Appeals for the Third Circuit · 1998

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3Cited by11 opinions

  1. In re NexiumDistrict Court, D. Massachusetts · 2013
  2. Larson v. Allina Health Sys.District Court, D. Maine · 2018
  3. Velazquez v. Mass. Fin. Servs. Co.District Court, District of Columbia · 2018
  4. In re Loestrin 24 Fe Antitrust LitigationDistrict Court, D. Rhode Island · 2017
  5. Falberg v. The Goldman Sachs Group, Inc.District Court, S.D. New York · 2020

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