Severstal Wheeling, Inc. Retirement Committee v. WPN Corp.

Opinion and Order

LAURA TAYLOR SWAIN, District Judge.

Plaintiffs, who are the current members of the Severstal Wheeling, Inc. Retirement Committee (the “Severstal Retirement Committee”) bring this action in their representative capacity, together with the Severstal Plans (defined below), against Defendants WPN Corporation (“WPN”) and Ronald LaBow, who is WPN’s principal and sole executive officer (“LaBow” and, together with WPN, “Defendants”). Defendants served at all relevant times as the investment’advisors and/or managers of two defined contribution plans sponsored by Severstal Wheeliñg Inc.…