DOL’s Valuation-Related Claims Against Individual Actors Survive Motion to Dismiss

BVLaw
Court Case Digests
February 18, 2020
7519 Utility Trailer and Recreational Vehicle Rental
532120 Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing
ESOP valuations
breach of fiduciary duty, breach of ERISA fiduciary obligations, overpayment

Pizzella v. Reliance Trust Co.
2020 U.S. Dist. LEXIS 26975, 2020 WL 805527
US
Federal Court
Arizona
United States District Court
Unknown (plaintiff/DOL); unknown (defendants)
Tuchi

Summary

Court denies individual defendants’ motion to dismiss DOL’s claims that defendants breached duties as co-fiduciaries, violated a duty to monitor the co-defendant trustee, and knowingly participated in the trustee’s breaches; DOL’s complaint states sufficient facts to support claims, court finds.

See Also

Pizzella v. Reliance Trust Co.

Court denies individual defendants’ motion to dismiss DOL’s claims that defendants breached duties as co-fiduciaries, violated a duty to monitor the co-defendant trustee, and knowingly participated in the trustee’s breaches; DOL’s complaint states sufficient facts to support claims, court finds.