Legal Opinion

Jeffrey Ream v. Jeffrey E. Frey Fulton Bank Laurie L. Frey Fulton Bank

Court of Appeals for the Third Circuit

Decided February 14, 1997No. 96-1339PublishedCited by 45 opinions

1Opinion of the Court

OPINION OF THE COURT

GREENBERG, Circuit Judge.

Fulton Bank (the “Bank”) appeals from a grant of summary judgment by the district court in favor of appellee Jeffrey Ream on April 1,1996. Ream brought suit against the Bank alleging that it breached its fiduciary duty by resigning as plan trustee and transferring to Jeffrey Frey, the plan administrator and the principal in Ream’s employer, the assets of an Employee Retirement Income Security Act of 1974 (“ERISA”) pension fund plan which Frey subsequently converted and used for his own purposes. This appeal raises questions concerning the scope of…

2Cases cited10 opinions

  1. Massachusetts Mutual Life Insurance v. RussellSupreme Court of the United States · 1985
  2. Varity Corp. v. HoweSupreme Court of the United States · 1996
  3. Joan Eddy, of the Estate of James Peter Eddy v. Colonial Life Insurance Company of AmericaCourt of Appeals for the D.C. Circuit · 1990
  4. Rosen v. Hotel And Restaurant Employees & Bartenders Union Of Phila.Court of Appeals for the Third Circuit · 1981
  5. 20 Employee Benefits Cas. 1697, Pens. Plan Guide P 23924m Glaziers and Glassworkers Union Local No. 252 Annuity Fund Glaziers and Glassworkers Union Local No. 252 Vacation Fund Glaziers and Glassworkers Union Local No. 252 Pension Fund Glaziers and Glassworkers Union Local No. 252 Health Fund Glaziers and Glassworkers Union Local No. 252 Health and Welfare Fund Glaziers and Glassworkers Union Local No. 252 Apprentice Fund Sean McGarvey in His Fiduciary Capacity and Martin Rosenberg, in His Fiduciary Capacity v. Newbridge Securities, Inc. Janney Montgomery Scott, Inc. Richard L. Socket James A. Williams James C. Arsenault Joseph T. Falotico Edward J. Berkowitz Larry R. Golbeski Joseph E. Davis Bernard Gelenberg Joseph T. Ashdale Barry Shore Anthony D'Angelo Jungers, O'COnnel & Bacheler, P.C. John P. Jungers, Equibank, Inc. (As Successor in Interest to Liberty Savings Bank) John Does I-X and Provident National BankCourt of Appeals for the Third Circuit · 1996

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3Cited by45 opinions

  1. Beddall v. State Street Bank & Trust Co.Court of Appeals for the First Circuit · 1998
  2. Kathryn Strom v. Goldman, Sachs & Co. And Goldman, Sachs & Co. Supplemental Life Insurance PlanCourt of Appeals for the Second Circuit · 1999
  3. LaRocca v. Borden, Inc.Court of Appeals for the First Circuit · 2002
  4. 21 Employee Benefits Cas. 1209, Pens. Plan Guide (Cch) P 23935e Capt. John Paul Jordan v. Federal Express Corporation, Administrator Fixed Pension Plan for Seaboard World Airline Pilots Flying Tiger Line, Inc. Variable Annuity Pension Plan for Pilots Federal Express Corporation Employee's Pension Plan. Appeal of John Paul JordanCourt of Appeals for the Third Circuit · 1997
  5. John Joyce v. Rjr Nabisco Holdings Corp. Rjr Nabisco, Inc. Nabisco Brands, Inc. R.J. Reynolds Tobacco CoCourt of Appeals for the Third Circuit · 1997

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