Wright v. Nimmons

FINDINGS OF FACT AND CONCLUSIONS OF LAW

CARL O. BUE, Jr., District Judge.

I. Introduction

This is an action for equitable relief and statutory damages arising under the Employee Retirement Income Security Act of 1974 (“ERISA”). 29 U.S.C. § 1001 et seq. Following the acquisition of four related closely-held corporations by Defendant, Donald S. Nimmons (“Nimmons”), the Plaintiffs, who are former shareholders, officers, and directors of the corporations, and participants and beneficiaries of the corporations’ defined benefit pension plan, commenced suit against Defendant alleging breaches of…