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BRICKER v. MAYTAG CO.

No. 89-241.

450 N.W.2d 839 (1990)

Francis C. BRICKER, James J. McNeer, Clell F. Morrison, Robert J. Naisbitt, and Ralph E. Wright, Appellees, v. The MAYTAG COMPANY, Appellant.

Supreme Court of Iowa.

Rehearing Denied February 16, 1990.

Attorney(s) appearing for the Case

Ronald L. Sutphin and Steven K. Gaer of Ahlers, Cooney, Dorweiler, Haynie, Smith & Allbee, Des Moines, for appellant.

Charles E. Gribble of Sayre & Gribble, and William A. Wickett of Mark H. Goodrich & Associates, P.C., Des Moines, for appellees.

Considered by HARRIS, P.J., and LARSON, SCHULTZ, LAVORATO, and SNELL, JJ.

HARRIS, Justice.

Plaintiffs are five former long-time employees of defendant Maytag Company who were misled to their considerable disadvantage by a company official regarding their benefits under a company retirement plan. In selecting a remedy with which to seek recovery for their losses they chose to pass their federal statutory rights under the Employees' Retirement Income Securities Act of 1974 (ERISA), 29 U.S.C. § 1001 et seq. Rather than seek any...

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