Legal Opinion
Donald Bachelder v. Communications Satellite Corporation
Court of Appeals for the First Circuit
Decided January 21, 1988No. 87-1499PublishedCited by 56 opinions
1Opinion of the Court
TORRUELLA, Circuit Judge.
This is an appeal from a summary judgment in a class action challenging the procedure followed in a cash distribution from a stock ownership plan. Judgment was rendered and entered solely on the issue of breach of fiduciary and statutory duties in the administration of an Employee Stock Ownership Plan (“ESOP”), on the grounds that plan participants did not receive the full amount to which they were entitled. We vacate and remand for entry of judgment for defendants-appellants.
Background
The Plan
In 1976 the Board of Directors of Communications Satellite Corporation…
2Cases cited11 opinions
- Duldulao v. Saint Mary of Nazareth Hospital CenterIllinois Supreme Court · 1987
- Shellie P. McKnight v. Southern Life and Health Insurance Company, a Corporation, and Southern Life and Health Insurance Company Revised Retirement Plan, Shellie P. McKnight v. Southern Life and Health Insurance Company, a Corporation and Southern Life and Health Insurance Company Revised Retirement PlanCourt of Appeals for the Eleventh Circuit · 1985
- George L. Govoni v. Bricklayers, Masons and Plasterers International Union of America, Local No. 5 Pension Fund and Plymouth-Home National BankCourt of Appeals for the First Circuit · 1984
- Harold Miles v. The New York State Teamsters Conference Pension And Retirement Fund Employee Pension Benefit PlanCourt of Appeals for the Second Circuit · 1983
- Joseph R. Palino v. Edwin T. CaseyCourt of Appeals for the First Circuit · 1981
6 more not listed; retrieve them via the Exa API.
3Cited by56 opinions
- Gridley v. Cleveland Pneumatic Co.Court of Appeals for the Third Circuit · 1991
- Branch v. G. Bernd Co.Court of Appeals for the Eleventh Circuit · 1992
- Merrill Lynch, Pierce, Fenner & Smith, Inc. v. BishopDistrict Court, D. Maine · 1993
- United States of America Ex Rel. Charles Singleton v. Joseph I. Woods, Sheriff of Cook CountyCourt of Appeals for the Seventh Circuit · 1971
- United States v. MarenghiDistrict Court, D. Maine · 1995
51 more not listed; retrieve them via the Exa API.