Legal Opinion
Kay v. Thrift and Profit Sharing Plan
District Court, E.D. Pennsylvania
Decided December 31, 1991No. Civ. A. 89-4427PublishedCited by 13 opinions
1Opinion of the Court
MEMORANDUM AND ORDER
HUYETT, District Judge.
This case arises as a result of the precipitous drop in the stock market on October 19, 1987, which has come to be known as “Black Monday.” Plaintiff class, comprised of employees fired during the quarter that ended September 30, 1987, alleges that the defendants improperly amended the Thrift and Profit Sharing Plan for Employees of Boyertown Casket Company (“the Plan”) to reduce their benefits.
As of the dates the employees were fired, the written terms of the Plan required that payment of benefits to the employees be based on a valuation on…
2Cases cited22 opinions
- Firestone Tire & Rubber Co. v. BruchSupreme Court of the United States · 1989
- Alessi v. Raybestos-Manhattan, Inc.Supreme Court of the United States · 1981
- Dependahl v. Falstaff Brewing Corp.Court of Appeals for the Eighth Circuit · 1981
- De Nobel v. Vitro Corp.Court of Appeals for the Fourth Circuit · 1989
- Ursic v. Bethlehem MinesCourt of Appeals for the Third Circuit · 1983
17 more not listed; retrieve them via the Exa API.
3Cited by13 opinions
- In Re Enron Corp. Securities, Derivative & ERISADistrict Court, S.D. Texas · 2003
- Kemmerer v. ICI Americas, Inc.District Court, E.D. Pennsylvania · 1994
- Montgomery v. Aetna Plywood, Inc.District Court, N.D. Illinois · 1998
- Haberern v. KAUPP VASCULAR SURGEONS BEN. PLANDistrict Court, E.D. Pennsylvania · 1993
- Hardtke v. Exide Corp.District Court, E.D. Pennsylvania · 1993
8 more not listed; retrieve them via the Exa API.