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IN RE FAIRCHILD IND. & GMF INV. ERISA LITIGATION

No. MDL-822.

835 F.Supp. 603 (1993)

In re FAIRCHILD INDUSTRIES, INC. AND GMF INVESTMENTS, INC. "ERISA" LITIGATION.

United States District Court, N.D. Florida, Pensacola Division.

September 9, 1993.

Attorney(s) appearing for the Case

Barry Richard, Greenberg, Traurig, Hoffman, Lipoff, Rosen & Quentel, Tallahassee, FL, for Oscar Ray Hall, et al.

James I. Serota, Huber, Lawrence & Abell, New York City, for Fairchild Industries, Inc.

Frederick H. Kopko, Jr., Hugh McBreen, McBreen & McBreen, Chicago, IL, for Peter Dauchy.

Gene Morgan, Registered Agent for GMF Corp., Los Angeles, CA, for GMF.

Bill B. McEachern, Jr., Carlton, Fields, Ward, Emmanuel et al., Pensacola, FL, Barbara Clay, F.D.I.C., Dallas, TX, for FDIC.

Donald H. Partington, Pensacola, FL, for NCNB.

ORDER AND MEMORANDUM OPINION

VINSON, District Judge.

I. BACKGROUND

This is an action for breach of fiduciary duty, brought pursuant to the Employee Retirement Income Security Act, Title 29, United States Code, Sections 1001 et seq. ("ERISA"). The plaintiff, NationsBank of Texas, N.A. ("NationsBank"), is now the successor trustee of a pension fund benefiting the employees of Fairchild Aircraft Corporation ("FAC") and Crestview Aerospace...

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