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GILQUIST v. BECKLIN

Civ. No. 4-86-921.

675 F.Supp. 1168 (1987)

Doris H. GILQUIST, Caroline S. Parson, Judith M. Reimnitz, and Kathleen A. Thayer, Plaintiffs, v. Robert C. BECKLIN, Elgin F. Gunderson, American National Bank and Trust Company, a National Banking Association, and Peoples State Bank of Cambridge, a Minnesota corporation, Defendants.

United States District Court, D. Minnesota, Fourth Division.

December 31, 1987.

Attorney(s) appearing for the Case

William L. Lucas, Edina, Minn., for plaintiffs.

Jerome B. Pederson, Fredrikson & Byron, Minneapolis, Minn., for defendant Robert C. Becklin.

David G. Seykora, Oppenheimer Wolff & Donnelly, St. Paul, Minn., for defendant American Nat. Bank & Trust Co.

William D. Hittler, Winthrop & Weinstine, St. Paul, Minn., for defendant Peoples State Bank of Cambridge.

MEMORANDUM OPINION AND ORDER

DIANA E. MURPHY, District Judge.

Plaintiffs, former employees of defendant Peoples State Bank of Cambridge (Peoples) and participants in Peoples' employee stock ownership plan (ESOP or the plan) bring this action under the Employee Retirement Income Security Act (ERISA). The defendants are plan administrator Peoples; plan trustee American National Bank & Trust Co. (American); Peoples president and director Robert Becklin...

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