Legal Opinion
Juan Armstrong, on Behalf of Themselves and Others Similarly Situated v. Lasalle Bank National Association
Court of Appeals for the Seventh Circuit
Decided May 4, 2006No. 05-3417PublishedCited by 53 opinions
1Opinion of the Court
POSNER, Circuit Judge.
Amsted Industries, Inc., a manufacturer of railroad and other transportation equipment, has for many years been owned entirely by its employees (including retired employees) through an Employee Stock Ownership Plan (an ESOP), which is subject to ERISA. 29 U.S.C. §§ 1104(a)(2), 1107(b), (d)(6); Steinman v. Hicks, 352 F.3d 1101, 1102-03 (7th Cir.2003); In re Merrimac Paper Co., 420 F.3d 53, 63 (1st Cir.2005). Employees begin receiving stock shortly after they join the company, and over the years the value of an employee’s holding can grow to a considerable amount. When an…
2Cases cited17 opinions
- Firestone Tire & Rubber Co. v. BruchSupreme Court of the United States · 1989
- United States v. Karl CunninghamCourt of Appeals for the Seventh Circuit · 2005
- Donovan v. CunninghamCourt of Appeals for the Fifth Circuit · 1983
- Moench v. RobertsonCourt of Appeals for the Third Circuit · 1995
- Kuper v. IovenkoCourt of Appeals for the Sixth Circuit · 1995
12 more not listed; retrieve them via the Exa API.
3Cited by53 opinions
- Pension Benefit Guaranty Corp. Ex Rel. Saint Vincent Catholic Medical Centers Retirement Plan v. Morgan Stanley Investment Management Inc.Court of Appeals for the Second Circuit · 2013
- McCann v. Iroquois Memorial HospitalCourt of Appeals for the Seventh Circuit · 2010
- DiFelice v. U.S. Airways, Inc.Court of Appeals for the Fourth Circuit · 2007
- Allen v. Greatbanc Trust Co.Court of Appeals for the Seventh Circuit · 2016
- Bonnie Fish v. Greatbanc Trust CompanyCourt of Appeals for the Seventh Circuit · 2014
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