Beddall v. State Street Bank & Trust Co.
Court of Appeals for the First Circuit
1Opinion of the Court
SELYA, Circuit Judge.
A cadre of former pilots for Eastern Airlines, Inc. (Eastern) brought an action under the Employee Retirement Income Security Act (ERISA), 29 U.S.C. § 1001 et seq. (1994), against the trustee of the failed air carrier’s retirement plan. The district court dismissed the suit after reviewing the trust agreement and concluding that the trustee was not subject to ERISA liability as a fiduciary or co-fiduciary in respect to the harms alleged. The plaintiffs appeal. We affirm.
I. BACKGROUND
We draw the facts from the plaintiffs’ complaint and the trust agreement. In 1958, Eastern…
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