Legal Opinion
Yates v. Nichols
District Court, N.D. Ohio
Decided December 18, 2017No. Case No. 3:17CV1389PublishedCited by 3 opinions
1Opinion of the Court
James G. Carr, Sr. U.S. District Judge
This is a breach-of-fiduciary-duty and putative class-action case arising under the Employee Retirement Income Security Act (ERISA), 29 U.S.C. § 1001, et seq.
In 2011, Marathon Petroleum spun off from its parent company, Marathon Oil. When Marathon Petroleum established its employee-retirement plan, the defendants-plan administrator Rodney Nichols, the plan's investment committee, and members of that committee-allegedly placed $88 million in plan assets into a fund holding only Marathon Oil common stock. Participants could then hold the stock or sell it…
2Cases cited16 opinions
- Ashcroft v. IqbalSupreme Court of the United States · 2009
- Center for Bio-Ethical Reform, Inc. v. NapolitanoCourt of Appeals for the Sixth Circuit · 2011
- 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
- Tibble v. Edison Int'lSupreme Court of the United States · 2015
- Fifth Third Bancorp v. DudenhoefferSupreme Court of the United States · 2014
11 more not listed; retrieve them via the Exa API.
3Cited by3 opinions
- Jeffery Schweitzer v. Investment CommitteeCourt of Appeals for the Fifth Circuit · 2020
- Disselkamp v. Norton Healthcare, Inc.District Court, W.D. Kentucky · 2019
- Schweitzer v. Inv. Comm. of the Phillips 66 Sav. PlanDistrict Court, S.D. Texas · 2018