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INTERN. BROTH. OF PAINTERS v. DUVAL

Civil Action No. 92-1099.

925 F.Supp. 815 (1996)

The INTERNATIONAL BROTHERHOOD OF PAINTERS AND ALLIED TRADES UNION AND INDUSTRY PENSION FUND, et al., Plaintiffs, v. William A. DUVAL, et al., Defendants.

United States District Court, District of Columbia.

April 3, 1996.

Attorney(s) appearing for the Case

Robert Patrick Gallagher, Groom & Nordberg, Chartered, Washington, DC, Jeffrey E. Hartnett, Bartley, Goffstein, Bollato and Lange, St. Louis, MO, Mark W. Weisman, Suelthus & Kaplan, St. Louis, MO, for plaintiffs.

Gerald M. Feder, Paul Limmiatis, Feder & Associates, P.C., Washington, DC, for William A. Duval.

Michael William Solinsky, Arlington, VA, Charles Roe Mills, Kirkpatrick & Lockhart, L.L.P., Washington, DC, for Shearson Lehman Brothers, Inc.

Eugene I. Goldman, Paul Joseph Pantano, Jr., Elizabeth Parry Fohrman, McDermott, Will & Emery, Washington, DC, Charles Roe Mills, Kirkpatrick & Lockhart, L.L.P., Washington, DC, for Kent D. Kitchel.

Gerald M. Feder, Feder & Associates, P.C., Washington, DC, for William A. Duval.

MEMORANDUM OPINION AND ORDER

JOYCE HENS GREEN, District Judge.

The plaintiffs1 initiated this action pursuant to Sections 409 and 502 of the Employee Retirement Income Security Act of 1974 ("ERISA"), codified at 29 U.S.C. §§ 1001 et seq. (1994), and the Investment Advisors Act of 1940 ("IAA"), codified at 15 U.S.C. §§ 80b-1 et seq. (1994), against Shearson Lehman Brothers, Inc. ("Shearson...

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