FIRST NAT. BANK v. ACCO USA, INC.-IBT RET. PLAN

No. 93 C 896.

842 F.Supp. 311 (1994)

THE FIRST NATIONAL BANK OF CHICAGO AS TRUSTEE OF THE INSTITUTIONAL REAL ESTATE FUND F, et al., Plaintiffs, v. ACCO USA, INC.-IBT RETIREMENT PLAN, et al., Defendants.

United States District Court, N.D. Illinois, E.D.

January 7, 1994.


Attorney(s) appearing for the Case

William F. Conlon, Mark Bruce Blocker, Sidlewy & Austin, Chicago, IL, for plaintiffs First Nat. as Trustee.

Harold C. Hirshman, Roger C. Siske, Sonnenschein, Nath & Rosenthal, Chicago, IL, for Manufacturing Corp. Retirement Trust and Donald P. Anderson.

Orin D. Brustad, Clarence L. Pozza, Jr., Miller, Canfield, Paddock & Stone, Detroit, MI, for defendant — ACCO USA, Inc.-IBT Retirement, Jim Beam Brands Co. Plans.

Joel S. Siegel, Bryan Robert Bagdady, Horvath & Lieber, Chicago, IL, for defendant — A.J. Maggio Co. Retirement Trust.

Robert W. Gettleman, Jeffrey Hoke Bergman, Lawrence G. Gallagher, D'Ancona & Pflaum, Chicago, IL, Jerry M. Aufox, Franklin Park, IL, for defendants, A.M. Castle & Co., Employer Trust, A.M. Castle & Co. Employers Profit Sharing Trust.

David S. Steefel, Holme, Roberts & Owen, Denver, CO, for defendant, Donald P. Anderson Trust.

Andrew R. Laidlaw, John T. Murray, Marcia Mahoney, Seyfarth, Shaw, Fairweather & Geraldson, Chicago, IL, for defendant, Fort Howard Corp. Profit Sharing Retirement Plan.

Dennis P.W. Johnson, Walter Jones, Jr., Jorge V. Cazares, Pugh, Jones & Johnson, Chicago, IL, Thomas C. Graves, Terry L. Tyrrell, Morrison & Heckler, Kansas City, MO, for defendant, Harris-Hub Co., Inc. Profit Sharing Plan and Trust.

William Edmund Kenny, Michael Gerard Bruton, Pretzel & Stouffer, Chtd., Chicago, IL, for defendants, Henry Newgard & Co. Employee Profit Sharing Trust, Illinois Mun. Retirement Fund.

Lawrence L. Summers, Paul F. Russell, Vedder, Price, Kaufman & Kammholz, Chicago, IL, for defendant, Inland Steel Industries Pension Plan and Trust.

Richard Jonathon Street, Wildman, Harrold, Allen & Dixon, Chicago, IL, for defendants, Kroger Co. Master Retirement Trust, McCormick Pension Plan.

James J. Wochner, Northbrook, IL, for defendant, Ortman-McCain Co. Employees Profit Sharing Plan.

John Skapars, Mark Mayer, Hubbard, Hubbard, O'Brien & Hall, Chicago, IL, for defendant, Pioneer Paint Products Inc. Employees' Defined Ben. Pension Plan and Trust.

Mark D. Erzen, Alan Bruce White, Karganis & White, Ltd., Chicago, IL, for defendant, Safety Kleen Pension Trust Fund.

David Stewart Fleming, Kathryn Elizabeth Garipay, Schaefer, Rosenwein & Fleming, Chicago, IL, Richard W. Reinthaler, Alice Jump, Susan L. Shelhorse, Dwight A. Healy, White & Case, New York City, for defendant, Schering Plough Corp. Master Retirement Plan Trust.

Arthur Weil Friedman, Robert Dickey Hamilton, James P. Bailinson, Miller, Shakman, Hamilton, Kurtzon & Shlifki, Chicago, IL, Richard G. Garrett, Elise D. Weakley, Greenberg, Traurig, Hoffman, Lipoff, Rosen & Quentel, Miami, FL, for defendant, State Bd. of Admin. of Fla.

Stephen David Libowsky, Kenneth Michael Kliebard, Katten, Muchin & Zavis, Chicago, IL, for defendant, St. Clair Mfg. Corp. Retirement Trust.

Harold C. Hirshman, Roger C. Siske, Sonnenschein, Nath & Rosenthal, Chicago, IL, for defendant, The First Nat. Bank of Chicago.

Richard I. Loebl, Jim Beam Brands, Gary Faria, Thomas R. Cox, Miller, Canfield, Paddock & Stone, Detroit, MI, Roberta L. Goodman, American Brands, Inc., Deerfield, IL, for counter claimant, ACCO USA, Inc.-IBT Retirement Plan.


MEMORANDUM OPINION AND ORDER

ZAGEL, District Judge.

This case emanates from First National Bank of Chicago's ("the Bank") attempt to satisfy matured redemption requests from its Institutional Real Estate Fund F ("Fund F") by distributing, to the withdrawing participant plans, cash and quitclaim deeds to undivided fractional interests in each of the Fund F real estate parcels.1 The defendant plans rejected the proposed...

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