Legal Opinion

Ellis v. Fidelity Management Trust

Court of Appeals for the First Circuit

Decided February 21, 2018No. 17-1693PPublishedCited by 159 opinions

1Opinion of the Court

KAYATTA, Circuit Judge.

Plaintiffs James Ellis and William Perry brought this certified class action under the Employee Retirement Income Security Act of 1974 ("ERISA"), alleging that Fidelity Management Trust Company, the fiduciary for a fund in which plaintiffs had invested, breached its duties of loyalty and prudence in managing the fund. Fidelity won summary judgment and plaintiffs appealed. Because the district court correctly concluded that plaintiffs failed to adduce evidence necessary to proceed to trial, we affirm.

I

"On review of an order granting summary judgment, we recite the facts…

2Cases cited15 opinions

  1. Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
  2. Jose MEDINA-MUNOZ, Etc., Et Al., Plaintiffs, Appellants, v. R.J. REYNOLDS TOBACCO COMPANY, Defendant, AppelleeCourt of Appeals for the First Circuit · 1990
  3. Pegram v. HerdrichSupreme Court of the United States · 2000
  4. James L. McCoy Administrator of the Electrical Workers Trust Funds, Etc. v. Massachusetts Institute of TechnologyCourt of Appeals for the First Circuit · 1991
  5. Maria De Los Angeles SANCHEZ, Plaintiff, Appellant, v. Carlos ALVARADO, Et Al., Defendants, AppelleesCourt of Appeals for the First Circuit · 1996

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3Cited by159 opinions

  1. Taite v. Bridgewater State UniversityCourt of Appeals for the First Circuit · 2021
  2. Barchock v. CVS Health CorporationCourt of Appeals for the First Circuit · 2018
  3. Leite v. BergeronCourt of Appeals for the First Circuit · 2018
  4. Brotherston v. Putnam InvestmentsCourt of Appeals for the First Circuit · 2018
  5. Painters & Allied Trades Dist. Council 82 Health Care Fund v. Forest Pharm., Inc. (In Re Celexa & Lexapro Mktg. & Sales Practices Litig.)Court of Appeals for the First Circuit · 2019

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