Sabey v. Howard Johnson & Co.
Court of Appeals of Washington
1Opinion of the CourtEllington, J.
In 1989, David Sabey was interested in purchasing Frederick & Nelson Acquisition Company (FNAC). At the time, Howard Johnson & Company, an actuarial firm, was assisting FNAC in phasing out its pension plan and replacing it with a 401(k) and profit-sharing plan. Howard Johnson communicated orally and in writing with Sabers personal counsel about the adequacy of FNAC’s pension plan funding and its compliance with the Employee Retirement Income Security Act (ERISA). Sabey allegedly relied on those representations, and formed a company, F&N Holding, Inc., which purchased FNAC. Eventually, the…
2Cases cited30 opinions
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- Schaaf v. HighfieldWashington Supreme Court · 1995
- Glover v. Tacoma General HospitalWashington Supreme Court · 1983
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