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HARRIS TRUST AND SAVINGS BANK v. JOHN HANCOCK MUTUAL LIFE INS. CO.

No. 83 CIV. 5401 (DC).

122 F.Supp.2d 444 (2000)

HARRIS TRUST AND SAVINGS BANK, as former Trustee of the Sperry Master Retirement Trust No. 2 (and its successor, the Unisys Master Trust), and the Bank of New York, as Trustee of the Unisys Master Trust, Plaintiffs, v. JOHN HANCOCK MUTUAL LIFE INSURANCE COMPANY, Defendant. John Hancock Mutual Life Insurance Company, Third-Party Plaintiff, v. Chase Manhattan Bank, N.A., Counterclaim Defendant, and Sperry Corporation and the Retirement Committee of Sperry Corporation, Third-Party Defendants.

United States District Court, S.D. New York.

November 22, 2000.

Attorney(s) appearing for the Case

Anderson Kill & Olick, P.C., by Lawrence Kill, John B. Berringer, Ann V. Kramer, Ann S. Ginsberg, Todd D. Robichaud, New York City, for Harris Trust.

Reboul, MacMurray, Hewitt, Maynard & Kristol, by Howard G. Kristol, Robert M. Peak, Jane M. Barton, Eric H. Jaso, Cheri M. McGilvery, New York City, for Hancock.

OPINION

CHIN, District Judge.

In this case, the current and former trustees and sponsors of an employee retirement plan contend that defendant and third-party plaintiff John Hancock Mutual Life Insurance Co. ("Hancock"), a fiduciary of the plan, breached its obligations under the Employee Retirement Income Security Act of 1974, as amended ("ERISA"), 29 U.S.C. § 1001 et seq.

The case was tried to the Court. For the reasons that...

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