Legal Opinion
William L. Clair and John D. O'malley, for Themselves and for All Others Similarly Situated v. Harris Trust and Savings Bank
Court of Appeals for the Seventh Circuit
Decided August 10, 1999No. 98-2334PublishedCited by 82 opinions
1Opinion of the Court
POSNER, Chief Judge.
This is a class action suit under ERISA complaining about delay in the payment of benefits to which the members of the class were entitled by their employer’s retirement plan. The defendant bank has a defined-contribution retirement plan. The contributions that the employer and the employee make are deposited in an individual account of the employee and he decides how to invest it. When he retires he receives the current market value of the investments in his account as of the last day of the quarter preceding his retirement. That day is the “settlement date,” and the plan…
2Cases cited20 opinions
- Firestone Tire & Rubber Co. v. BruchSupreme Court of the United States · 1989
- Massachusetts Mutual Life Insurance v. RussellSupreme Court of the United States · 1985
- Varity Corp. v. HoweSupreme Court of the United States · 1996
- Chemtrol Adhesives, Inc. v. American Manufacturers Mutual InsuranceOhio Supreme Court · 1989
- Jass v. Prudential Health Care Plan, Inc.Court of Appeals for the Seventh Circuit · 1996
15 more not listed; retrieve them via the Exa API.
3Cited by82 opinions
- Harold W. McClellan v. Bobbie Darrell CantrellCourt of Appeals for the Seventh Circuit · 2000
- Stewart v. National Education Ass'nCourt of Appeals for the D.C. Circuit · 2006
- Skretvedt v. E.I. DuPont De NemoursCourt of Appeals for the Third Circuit · 2004
- Mondry v. American Family Mutual InsuranceCourt of Appeals for the Seventh Circuit · 2009
- Wal-Mart Stores, Incorporated Associates' Health and Welfare Plan and Administrative Committee, Administrator of the Plan v. Denise WellsCourt of Appeals for the Seventh Circuit · 2000
77 more not listed; retrieve them via the Exa API.