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AVONDALE MILLS v. SADDLER

SC 413.

290 So.2d 173 (1974)

AVONDALE MILLS, a corp., et al. v. Jerry M. SADDLER, Individually and on behalf of others similarly situated, et al.

Supreme Court of Alabama.

Rehearing Denied March 7, 1974.

Attorney(s) appearing for the Case

Wm. Bew White, Jr., and Warren B. Lightfoot, Birmingham, for appellants.

Cooper, Mitch & Crawford, Birmingham, for appellees.

FAULKNER, Justice.

This is an appeal from a class action decree in equity in favor of appellees.

The trial judge determined that Avondale could not equitably forfeit and deny deferred earnings of 283 employees of its Birmingham plant held in a retirement trust when Avondale closed the Birmingham plant because of economic conditions in the autumn of 1971.

Avondale had created a retirement trust for its employees in July, 1945. The trust was in force...

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