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BACHELDER v. COMMUNICATIONS SATELLITE CORP.

No. 87-1499.

837 F.2d 519 (1988)

Donald BACHELDER, et al., Plaintiffs, Appellees, v. COMMUNICATIONS SATELLITE CORPORATION, et al., Defendants, Appellants.

United States Court of Appeals, First Circuit.

Decided January 21, 1988.

Attorney(s) appearing for the Case

William J. Kayatta, Jr., with whom Pierce, Atwood, Scribner, Allen, Smith & Lancaster, Portland, Me., was on brief, for defendants, appellants.

Robert Edmond Mittel with whom Michael P. Asen, Mittel & Hefferan, Portland, Me., Paul R. Dumas, Jr., and Cloutier, Joyce, Dumas & David, Rumford, Me., were on brief, for plaintiffs, appellees.

Before CAMPBELL, Chief Judge, BREYER and TORRUELLA, Circuit Judges.

TORRUELLA, Circuit Judge.

This is an appeal from a summary judgment in a class action challenging the procedure followed in a cash distribution from a stock ownership plan. Judgment was rendered and entered solely on the issue of breach of fiduciary and statutory duties in the administration of an Employee Stock Ownership Plan ("ESOP"), on the grounds that plan participants did not receive the full amount to which they were entitled. We vacate and remand for entry...

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