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GLUCK v. UNISYS CORP.

No. 91-1170.

960 F.2d 1168 (1992)

Simon E. GLUCK, John R. Clarke, Harry G. Ganderton, Robert K. Williams, George E. Lund, Jack Richards, Richard Jackson, Charles S. Derenzi, John Lapic, Angelo Deluca, Gwen Smolnik, John Maloney, Lee N. Caplan, William E. Howe, Jr., Joseph G. Barney, Lawrence G. Wagner, Harold D. Atkins, John E. Legory, and Mark Wright, on behalf of themselves and all others similarly situated, v. UNISYS CORPORATION, Unisys Pension Plan, Administrative Committee of the Unisys Pension Plan and all Members Thereof and Retirement Committee of the Burroughs Employees' Retirement Income Plan and All Members Thereof, Kenneth L. Miller, Jack A. Blaine, Michael R. Losey, John J. Loughlin, Stefan C. Riesenfeld, Michael R. Capo, Stanley Jones, Walter J. Williams, Richard H. Bierly, Bobette Jones, Raymond V. Thomas, Thomas E. McKinnon, Michael N. Johnson, Ronald C. Anderson, Leon J. Level and William N. Geary, Simon E. Gluck, Lee N. Caplan, John R. Clarke, Harry G. Ganderton, Robert K. Williams, William E. Howe, Jr., George E. Lund, Jack Richards, Richard Jackson, Charles S. DeRenzi, John Lapic, Angelo DeLuca, Max Rosenzqeig, Gwen Smolnik, Joseph G. Barney, Lawrence G. Wagner, Angelo R. DiPetro, Joseph J. McCarthy, Charles Martino, Harold D. Atkins, John E. Legory, and Mark Wright, on behalf of themselves and all others similarly situated, Appellants.

United States Court of Appeals, Third Circuit.

Decided March 31, 1992.

Attorney(s) appearing for the Case

Roslyn G. Pollack, Howard J. Eichenbaum, Leslie M. Thoman, Cohen, Shapiro, Polisher, Shiekman & Cohen, Philadelphia, Pa., Charles R. Watkins (argued), Suzanne McCarthy, Jeffrey L. London, Sachnoff & Weaver, Chicago, Ill., for appellants.

Joseph J. Costello, Robert J. Lichtenstein, Francis M. Milone (argued), Morgan, Lewis & Bockius, Philadelphia, Pa., Joseph A. Teklits, Unisys Corp., Blue Bell, Pa., for appellees.

Before MANSMANN and ALITO, Circuit Judges, and DIAMOND, District Judge.

OPINION OF THE COURT

MANSMANN, Circuit Judge.

In this appeal we are called upon to interpret the "actual knowledge" requirement in ERISA's limitation on actions for breach of fiduciary duty, to determine the effect of a choice of law provision in an ERISA plan, and to address the standard for determining a partial termination for ERISA purposes.

Here employees of Unisys Corporation and its predecessor, Burroughs Corporation, brought this action for...

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