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TRUSTEES OF HOTEL EMPLOYEES v. AMIVEST CORP.

No. 89 C 2583.

733 F.Supp. 1180 (1990)

TRUSTEES OF THE HOTEL EMPLOYEES AND RESTAURANT EMPLOYEES INTERNATIONAL UNION WELFARE PENSION FUND, the Officers and Employees of the Locals of the Hotel Employees and Restaurant Employees International Union Pension Fund and the Hotel Employees and Restaurant Employees International Union Officers and Staff Plan, Plaintiffs, v. AMIVEST CORPORATION, a New York corporation, Defendant.

United States District Court, N.D. Illinois, E.D.

February 15, 1990.

Attorney(s) appearing for the Case

Iverson, Yoakum, Papiano & Hatch, Los Angeles, Cal., and John J. Moran, Rock, Rusco & Reynolds, Chicago, Ill., for plaintiffs.

L. Andrew Brehm, Schuyler, Roche & Zwirner, Chicago, Ill., for defendant.

MEMORANDUM OPINION AND ORDER

ASPEN, District Judge:

The plaintiffs in this case are the trustees of three pension funds of the Hotel Employees and Restaurant Employees International Union ("HERIU"). The defendant, Amivest Corporation, is the former investment manager of these funds. The Trustees claim that Amivest violated the Employee Retirement Income Security Act of 1974 ("ERISA"), 29 U.S.C. § 1100 et seq. and the Rule 10b-5 of the Securities...

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