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BRUNER v. BOATMEN'S TRUST CO.

No. 4:92CV1850 CDP.

918 F.Supp. 1347 (1996)

Richard W. BRUNER, et al., Plaintiffs, v. BOATMEN'S TRUST COMPANY, Defendant.

United States District Court, E.D. Missouri, Eastern Division.

March 26, 1996.

Attorney(s) appearing for the Case

Charles A. Seigel, III, Partner Seigel and Wolff, P.C., St. Louis, MO, for plaintiffs.

Elizabeth C. Carver, Associate David S. Slavkin, Bryan Cave, St. Louis, MO, for Boatmen's Trust Company.

Harold S. Goodman, Gallop and Johnson, St. Louis, MO, David T. Hamilton, Partner, Saale and Bailey, St. Peters, MO, for Allied Construction Equipment Company.

MEMORANDUM OPINION

PERRY, District Judge.

This case comes before the Court for decision following a non-jury trial. Plaintiffs, who are participants in a profit sharing plan, allege that their plan trustee breached ERISA's fiduciary duties by investing a large portion of the plan assets in a single guaranteed investment contract issued by one now-insolvent insurance company. The Court finds that defendant breached its fiduciary duties and will therefore...

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