Site-Blauvelt Engineers, Inc. v. First Union Corp.

MEMORANDUM AND ORDER

JOYNER, District Judge.

This is an Employee Retirement Insurance Security Act (“ERISA”) case. In their third-party complaint, Defendants and Third-Party Plaintiffs First Union Corporation, First Union National Bank, CoreStates Bank, NA, and New Jersey National Bank (collectively “Defendants” or “Third-Party Plaintiffs”) allege that Third-Party Defendants Walter Riebe-nack, John W. Gildea, and J.C. Mendel, individually and as former trustees of the Site Engineers, Inc. 401(k) Plan (collectively “Third-Party Defendants”) committed (1) breach of fiduciary duty; (2) negligence;…