Legal Opinion
Perez v. First Bankers Trust Services, Inc.
District Court, S.D. New York
Decided September 28, 2016No. 12-cv-8648 (GBD)PublishedCited by 7 opinions
1Opinion of the Court
OPINION
George B. Daniels, United States District Judge.
Plaintiff, the Secretary of the United States Department of Labor, brought this action alleging that Defendant First Bankers Trust Services, Inc. (“FBTS”) violated the Employee Retirement Income Security Act of 1974 (“ERISA”), 29 U.S.C. §§ 1001, et seq., by approving the sale of 49% of Maran, Inc., a private label denim manufacturer, to the Maran Employee Stock Ownership Plan (“ESOP”), for whom it served as independent trustee.1 The Secretary seeks, inter alia, to void the Transaction, restore all losses to the ESOP stem*521ming therefrom,…
2Cases cited21 opinions
- Anderson v. Liberty Lobby, Inc.Supreme Court of the United States · 1986
- Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
- Matsushita Electric Industrial Co., Ltd. v. Zenith Radio CorporationSupreme Court of the United States · 1986
- Roe v. City of WaterburyCourt of Appeals for the Second Circuit · 2008
- Richard Morales v. Quintel Entertainment, Inc. And Peter StolzCourt of Appeals for the Second Circuit · 2001
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3Cited by7 opinions
- Brundle ex rel. Constellis Employee Stock Ownership Plan v. Wilmington Trust N.A.District Court, E.D. Virginia · 2017
- Kindle v. DejanaDistrict Court, E.D. New York · 2017
- JOHN MCCAULEY v. PNC FINANCIAL SERVICES GROUP, INC.District Court, W.D. Pennsylvania · 2022
- Kokoshka v. Fiduciary who exercises discretionary control over retirment savings plan for officers of Columbia University represented by attorney Cory Hirsch, Sayfarth Shaw, LLPDistrict Court, S.D. New York · 2021
- Moitoso v. FMR LLCDistrict Court, D. Massachusetts · 2020
2 more not listed; retrieve them via the Exa API.