Daniels v. Bursey

MEMORANDUM OPINION AND ORDER

KENNELLY, District Judge.

This case concerns the marketing and administration of a “severance trust executive program” (STEP) plan, a type of employee welfare benefit plan targeted to employers with highly compensated employees. John Daniels and Manuel Sanchez, along with other partners and employees of the Chicago-based Sanchez & Daniels law firm, and on behalf of a putative class of STEP Plan investors, sued Step Plan Services, Inc., its principals and predecessors (referred to in this litigation as the “Administrative Defendants”), and several insurance companies…