John Loffredo v. Daimler AG

STRANCH, Circuit Judge.

John Loffredo and his co-plaintiffs are former executives of Chrysler Corporation who lost retirement benefits when the company went bankrupt in 2009. Plaintiffs subsequently brought suit in Michigan state court, raising several state-law claims against Daimler AG, Chrysler’s former parent company; State Street Bank and Trust Company, the trustee that governed Plaintiffs’ retirement plan funds; and Thomas LaSorda, a member of Chrysler’s Board of Directors. After Defendants removed the action to federal court, the district court dismissed all of Plaintiffs’ claims as…