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JOHN BLAIR COMMUNICATIONS v. TELEMUNDO GROUP

Nos. 90 Civ. 5499 (MGC).

816 F.Supp. 949 (1993)

The JOHN BLAIR COMMUNICATIONS, INC. PROFIT SHARING PLAN, and Sanford Ackerman and Timothy McAuliff in their Capacity as Members of the John Blair Communications, Inc. Profit Sharing Plan Committee and Individually, Plaintiffs, v. TELEMUNDO GROUP, INC. PROFIT SHARING PLAN, Telemundo Group, Inc. Profit Sharing Plan Committee, and Peter Housman II, Henry Silverman, and Donald Raider, Defendants.

United States District Court, S.D. New York.

March 31, 1993.

Attorney(s) appearing for the Case

Rosenman & Colin, New York City, for plaintiffs; by Joel W. Sternman, Sanford Hausler.

Dewey Ballantine, New York City, for defendants; by Jack Kaufmann, Susan C. Meaney.

OPINION AND ORDER

CEDARBAUM, District Judge.

This is an action arising under provisions of the Employee Retirement Income Security Act of 1974, as amended ("ERISA"), 29 U.S.C. § 1001 et seq. The John Blair Communications, Inc. Profit Sharing Plan (the "New Blair Plan") and two members of the committee that administers the New Blair Plan1 assert claims against Telemundo Group, Inc. Profit Sharing Plan (the "Telemundo...

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