Legal Opinion
Alexander Usenko v. MEMC LLC
Court of Appeals for the Eighth Circuit
Decided June 4, 2019No. 18-1626PublishedCited by 63 opinions
1Opinion of the Court
KELLY, Circuit Judge.
Alexander Usenko is a former employee of SunEdison Semiconductor, LLC (Semi). Semi was once a wholly owned subsidiary of SunEdison, Inc. Semi made a defined-contribution retirement savings plan available to its employees, including Usenko, that offered SunEdison stock as a retirement investment option. On April 21, 2016, SunEdison filed for bankruptcy. In August 2017, Usenko brought suit derivatively on behalf of the plan and, in the alternative, as a putative class action on behalf of plan participants. Usenko claims that Semi, the investment committee of Semi's…
2Cases cited17 opinions
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