Legal Opinion

Carol Harley v. Minnesota Mining and Manufacturing Company, Carol Harley v. Guillo Agostini

Court of Appeals for the Eighth Circuit

Decided March 26, 2002No. 00-2214, 01-1213PublishedCited by 64 opinions

1Opinion of the Court

LOKEN, Circuit Judge.

These are two class actions against Minnesota Mining and Manufacturing Company (“3M”) and certain 3M employees by participants and beneficiaries of the 3M Employee Retirement Income Plan (the “Plan”). The Plan is subject to the Employee Retirement Income Security Act (“ERISA”), 29 U.S.C. §§ 1001-1461. Plaintiffs allege that 3M breached its fiduciary duties under ERISA by failing to adequately investigate and monitor a $20 million investment of Plan assets in a hedge fund, and by failing to discover and remedy a prohibited transaction involving the fund advisor’s…

2Cases cited14 opinions

  1. Lujan v. Defenders of WildlifeSupreme Court of the United States · 1992
  2. Valley Forge Christian College v. Americans United for Separation of Church and State, Inc.Supreme Court of the United States · 1982
  3. Associated General Contractors of California, Inc. v. California State Council of CarpentersSupreme Court of the United States · 1983
  4. Varity Corp. v. HoweSupreme Court of the United States · 1996
  5. Vermont Agency of Natural Resources v. United States Ex Rel. StevensSupreme Court of the United States · 2000

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3Cited by64 opinions

  1. Braden v. Wal-Mart Stores, Inc.Court of Appeals for the Eighth Circuit · 2009
  2. Central States Southeast & Southwest Areas Health & Welfare Fund v. Merck-Medco Managed Care, L.L.C.Court of Appeals for the Second Circuit · 2005
  3. Loren v. Blue Cross & Blue Shield of Mich.Court of Appeals for the Sixth Circuit · 2007
  4. Elena David v. J. AlphinCourt of Appeals for the Fourth Circuit · 2013
  5. Daniel Soehnlen v. Fleet Owners Ins. FundCourt of Appeals for the Sixth Circuit · 2016

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