RULING ON PENDING MOTIONS
DORSEY, District Judge.
I. Facts and Procedural History
Plaintiffs are former employees of Wallace Silversmiths, Inc. ("Wallace"), a wholly owned subsidiary of defendant, Katy Industries, Inc. Plaintiffs allege that defendant maintained a plan of termination pay benefits ("Plan") which constituted an "employee welfare benefit plan" under 29 U.S.C. § 1002(1) and imposed on defendant the fiduciary obligations...
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