Legal Opinion
Braden v. Wal-Mart Stores, Inc.
Court of Appeals for the Eighth Circuit
Decided November 25, 2009No. 08-3798PublishedCited by 1,352 opinions
1Opinion of the Court
MURPHY, Circuit Judge.
Jeremy Braden, an employee of WalMart and participant in its employee retirement plan (Plan), brought this putative class action against appellees — Wal-Mart and various executives involved in the management of the Plan. Braden alleges that they violated fiduciary duties imposed by the Employee Retirement Income Security Act (ERISA). Appellees moved for dismissal under Federal Rules of Civil Procedure 12(b)(1) and 12(b)(6). The district court granted the motion, concluding that Braden lacked constitutional standing to assert claims based on breaches of fiduciary duty…
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