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SUMMERS v. STATE STREET BANK AND TRUST CO.

No. 95 C 2271.

920 F.Supp. 924 (1996)

Jerry R. SUMMERS, Scott R. Lewis, and Laurie Stanton, individually and on behalf of all others similarly situated, Plaintiffs, v. STATE STREET BANK AND TRUST COMPANY; the UAL Corporation Employee Stock Ownership Plan and the UAL Corporation Supplemental Employee Stock Ownership Plan, Defendants.

United States District Court, N.D. Illinois, Eastern Division.

March 29, 1996.

Attorney(s) appearing for the Case

Michael Jerry Freed, Michael B. Hyman, Much, Shelist, Freed, Denenberg, Ament & Eiger, P.C., Chicago, IL, Steve W. Berman, Clyde A. Platt, Hagens & Berman, Seattle, WA, Kevin P. McBride, Salt Lake City, UT, for plaintiffs.

Susan Getzendanner, Charles F. Smith, Jr., John Kevin Lyons, Pauline H. Yoo, Skadden, Arps, Slate, Meagher & Flom, Chicago, IL, for defendants.

MEMORANDUM OPINION AND ORDER

BUCKLO, District Judge.

In July, 1994 United Airlines (UAL Corporation, "United" or "UAL") became a majority employee owned company. Plaintiffs, two pilots and a mechanic, have brought this class action on behalf of all participants in the UAL Stock Ownership Plan ("UAL ESOP"), the UAL Corporation Supplemental Employee Stock Ownership Plan ("UAL Supplemental ESOP") (together the "ESOP"), and the trusts created in connection...

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