Legal Opinion
Glaziers & Glassworkers Union Local 252 Annuity Fund v. Newbridge Securities, Inc.
District Court, E.D. Pennsylvania
Decided March 19, 1993No. Civ. A. No. 90-8101PublishedCited by 21 opinions
1Opinion of the Court
*1193 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 cited25 opinions
- Conley v. GibsonSupreme Court of the United States · 1957
- United Mine Workers of America v. GibbsSupreme Court of the United States · 1966
- 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
20 more not listed; retrieve them via the Exa API.
3Cited by21 opinions
- 20 Employee Benefits Cas. 1697, Pens. Plan Guide P 23924m Glaziers and Glassworkers Union Local No. 252 Annuity Fund Glaziers and Glassworkers Union Local No. 252 Vacation Fund Glaziers and Glassworkers Union Local No. 252 Pension Fund Glaziers and Glassworkers Union Local No. 252 Health Fund Glaziers and Glassworkers Union Local No. 252 Health and Welfare Fund Glaziers and Glassworkers Union Local No. 252 Apprentice Fund Sean McGarvey in His Fiduciary Capacity and Martin Rosenberg, in His Fiduciary Capacity v. Newbridge Securities, Inc. Janney Montgomery Scott, Inc. Richard L. Socket James A. Williams James C. Arsenault Joseph T. Falotico Edward J. Berkowitz Larry R. Golbeski Joseph E. Davis Bernard Gelenberg Joseph T. Ashdale Barry Shore Anthony D'Angelo Jungers, O'COnnel & Bacheler, P.C. John P. Jungers, Equibank, Inc. (As Successor in Interest to Liberty Savings Bank) John Does I-X and Provident National BankCourt of Appeals for the Third Circuit · 1996
- Williams v. Provident Investment Counsel, Inc.District Court, N.D. Ohio · 2003
- Crocker v. Borden, Inc.District Court, E.D. Louisiana · 1994
- National Electrical Benefit Fund v. Heary Brothers Lightning Protection Co.District Court, W.D. New York · 1995
- Travelers Insurance v. Intraco, Inc.District Court, S.D. Iowa · 1995
16 more not listed; retrieve them via the Exa API.