USEDEN v. ACKER

No. 90-5445.

947 F.2d 1563 (1991)

Neil A. USEDEN, As Trustee of The Air Florida System, Inc., Profit Sharing Plan & Trust, Plaintiff-Appellant, v. C. Edward ACKER, et al., Defendants, Greenberg, Traurig, Hoffman, Lipoff, Rosen & Quentel, P.A., Sun Bank of Miami, N.A. and Sun Bank, Inc., Defendants-Appellees.

United States Court of Appeals, Eleventh Circuit.

December 11, 1991.


Attorney(s) appearing for the Case

Edward A. Kaufman, Miami, Fla., for plaintiff-appellant.

Nina K. Brown, Irving M. Miller, Miami, Fla., for Sun Bank.

Joseph H. Lowe, Miami, Fla., for Greenberg Traurig.

Before HATCHETT and BIRCH, Circuit Judges, and RONEY, Senior Circuit Judge.


BIRCH, Circuit Judge:

In this appeal we decide whether the conduct of a bank and a law firm renders those entities fiduciaries under the Employee Retirement Income Security Act of 1974, 29 U.S.C. §§ 1001-1461 (1988) ("ERISA" or "Act"). We also decide whether ERISA provides a right of action for monetary damages against non-fiduciaries who knowingly participate in a breach by a fiduciary.

Plaintiff-appellant Neil A. Useden, as trustee to a profit...

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