Fernandez v. K-M Industries Holding Co.

ORDER DENYING NORTH STAR’S MOTION FOR JUDGMENT ON THE PLEADINGS AND GRANTING THE SETTLING PARTIES’ CROSS-MOTION FOR JUDGMENT ON THE PLEADINGS

CLAUDIA WILKEN, District Judge.

Plaintiffs Thomas Fernandez, Lora Smith and Tosha Thomas brought this action under the Employee Retirement Income Security Act (ERISA). They allege, among other things, that Defendant North Star Trust Company breached its fiduciary duties as the trustee of an employee stock ownership plan (ESOP) in which they participate. North Star now moves for judgment on the pleadings on its cross-claims for contractual indemnity…