IBM Savings Plan v. Price

OPINION AND ORDER

SESSIONS, Chief Judge.

Plaintiffs, the IBM Savings Plan (the “Plan”) and International Business Machines Corporation (“IBM”), in its capacity as a fiduciary of the Plan, filed this action for interpleader under Fed.R.Civ.P. 22 to determine the proper beneficiaries of an employee benefit plan governed by the Employee Retirement Income Security Act (“ERISA”). This action concerns a dispute between the defendants as to who is rightfully entitled to the proceeds of Gregory Price’s IBM Tax Deferred Savings Plan Account. Gregory Price’s children, defendants Andrew Carlton Price…