Lingis v. Motorola, Inc.

MEMORANDUM OPINION AND ORDER

REBECCA R. PALLMEYER, District Judge.

This case is again before the court for resolution of a lingering dispute concerning allocation of costs incurred in an unsuccessful ERISA class action brought against the Motorola Profit Sharing Plan. The action arose from a drop in the value of Motorola’s shares that Plaintiffs attribute to the disclosure of material information concerning approximately $2 billion in high-risk loans Motorola made to Telsim Mobil Telekomunikasyon Hizmetleri A.S. (“Telsim”), a Turkish telecommunications company. Telsim ultimately defaulted on…