Legal Opinion
Lipton v. Consumers Union of the United States, Inc.
District Court, S.D. New York
Decided January 20, 1999No. 98 Civ. 1599(LAK)PublishedCited by 3 opinions
1Opinion of the Court
MEMORANDUM OPINION
KAPLAN, District Judge.
This case presents the question whether an employer pension fund, established with a provision that limits investment of plan assets in certain securities to serve the employer’s business interests, violates Section 302(c)(5) of the Taft-Hartley Act. Plaintiffs allege that the plan violates the Act because it was not established for the sole and exclusive benefit of the participants of the plan and their beneficiaries. Defendants move for dismissal or, in the alternative, summary judgment.
Facts
The Consumers Union of the United States (“CU”), a…
2Cases cited13 opinions
- Merrell Dow Pharmaceuticals Inc. v. Thompson Ex Rel. ThompsonSupreme Court of the United States · 1986
- Osborn v. Bank of United StatesSupreme Court of the United States · 1824
- Louisville & Nashville Railroad v. MottleySupreme Court of the United States · 1908
- Verlinden B. v. v. Central Bank of NigeriaSupreme Court of the United States · 1983
- Arroyo v. United StatesSupreme Court of the United States · 1959
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3Cited by3 opinions
- Daniel Soehnlen v. Fleet Owners Ins. FundCourt of Appeals for the Sixth Circuit · 2016
- Sciascia v. Rochdale Village, Inc.District Court, E.D. New York · 2012
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