Weir v. Federal Asset Disposition Ass'n
Court of Appeals for the Fifth Circuit
1Opinion of the Court
DUHÉ, Circuit Judge:
Appellants, eighty-three former employees of the Federal Asset Disposition Association, filed a class action suit under the Employee Retirement Income Security Act (“ERISA”), 29 U.S.C. § 1001 et seq., seeking benefits they claim are owed to them under their employer’s severance plans. The district court denied the challenge. For reasons that follow, we affirm in part, reverse in part, and remand.
I
The Federal Asset Disposition Association (“FADA”) was a federally-chartered savings and loan association wholly owned by the Federal Savings and Loan Insurance Corporation…
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