Delany v. St. Louis Union Trust Co.

GUNN, Judge.

This appeal concerns a class action for declaratory judgment seeking construction of a profit sharing plan and trust created by Dempsey-Tegeler & Co., Inc.,1 a stock brokerage house, for the benefit of its employees. Plaintiffs-appellants, as members of a class, appeal from the judgment of the trial court sitting in equity which decreed that employees in defendant-respondents’ class were entitled to 100 percent vesting of the contributions to the Plan made by the Company on their behalf; that employees in plaintiffs’ class, whose employment with the Company ended prior to June 1,…