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INDIANAPOLIS MACHINERY CO., INC. v. BOLLMAN

No. 1-575A84.

347 N.E.2d 518 (1976)

INDIANAPOLIS MACHINERY CO., INC., and Alvin L. Cohen, As Administrator of the Estate of Louis J. Borinstein, Deceased, Defendants-Appellants, v. Lawrence E. BOLLMAN et al., Plaintiffs-Appellees, and Peoples Bank & Trust Company, As Successor Trustee and Administrator of the Indianapolis Machinery Co., Inc. Profit Sharing Plan and Trust, et al., Defendants-Appellees. Alvin L. Cohen, As Administrator of the Estate of Louis J. Borinstein, Deceased, and Edwin E. Letzter, Cross Claimants-Appellants, v. Indianapolis Machinery Co., Inc., Cross Defendant-Appellee.

Court of Appeals of Indiana, First District.

Rehearing Denied June 16, 1976.

Attorney(s) appearing for the Case

Donald A. Schabel, John R. Carr, Jr., Indianapolis, Stephen A. Free, Greenfield, for Indianapolis Machinery Co., Inc.; Buschmann, Carr & Schabel, Indianapolis, Ging, Free & Brand, Greenfield, of counsel.

Sidney Mishkin, John Wood, Indianapolis, for defendant-appellant Alvin L. Cohen, as Administrator of the Estate of Louis J. Borinstein, Deceased; Bamberger & Feibleman, Indianapolis, of counsel.

Alan H. Lobley, Indianapolis, for defendant-appellant Edwin E. Letzter; Ice, Miller, Donadio & Ryan, Indianapolis, of counsel.

Stephen M. Coons, Indianapolis, for Peoples Bank & Trust Co.

Melville E. Watson, Greenfield, William H. Krieg, Richard D. Wagner, Anthony W. Mommer, Krieg, DeVault, Alexander & Capehart, Indianapolis, for plaintiffs-appellees.

ROBERTSON, Chief Judge.

This appeal arises from the remand, upon a previous appeal, of a class action brought by plaintiffs-appellees, Bollman and McGraw, as members of the Company's profit-sharing plan and trust, for the purpose of reallocating to qualified members of the plan those trust funds improperly allocated to the accounts of the defendants-appellants, Borinstein and Letzter, whom the prior appeal determined ineligible for plan membership. The trial court...

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