Legal Opinion
Glaziers & Glassworkers Union Local 252 Annuity Fund v. Newbridge Securities, Inc.
District Court, E.D. Pennsylvania
Decided December 3, 1992No. Civ. A. No. 90-8101PublishedCited by 4 opinions
1Opinion of the Court
MEMORANDUM
JOYNER, District Judge.
The plaintiffs in this action are the Glaziers and Glassworkers Union Local 252’s Annuity, Vacation, Pension and Health and Welfare Funds (the “Plans”) as well as two trustees of the Plans. Plaintiffs contend that between 1985 and 1990, Michael Lloyd (“Lloyd”) was the investment manager of the Plans and during that time he systematically defrauded the Plans and made speculative investments with the Plans’ assets causing the Plans to lose approximately $3 million. Plaintiffs brought federal actions against, inter alia, Janney Montgomery Scott, Inc. (their…
2Cases cited19 opinions
- Conley v. GibsonSupreme Court of the United States · 1957
- Firestone Tire & Rubber Co. v. BruchSupreme Court of the United States · 1989
- Cort v. AshSupreme Court of the United States · 1975
- H. J. Inc. v. Northwestern Bell Telephone Co.Supreme Court of the United States · 1989
- Massachusetts Mutual Life Insurance v. RussellSupreme Court of the United States · 1985
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3Cited by4 opinions
- Glaziers & Glassworkers Union Local 252 Annuity Fund v. Newbridge Securities, Inc.District Court, E.D. Pennsylvania · 1993
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- Damian Little v. Geisinger Health System, et al.District Court, M.D. Pennsylvania · 2026
- John F. Carey v. Joseph Santos, "J" Block Unit Manager; Taylor Tharp, "J" Block Counselor; and Steven Soliwoda, CCPMDistrict Court, W.D. Pennsylvania · 2026