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SUMMERS v. STATE STREET BANK AND TRUST CO.

No. 96-2083.

104 F.3d 105 (1997)

Jerry R. SUMMERS, Scott R. Lewis, and Laurie Stanton, individually and on behalf of all others similarly situated, Plaintiffs-Appellants, v. STATE STREET BANK AND TRUST COMPANY, UAL Corporation Employee Stock Ownership Plan, and UAL Corporation Supplemental Employee Stock Ownership Plan, Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided January 6, 1997.

Attorney(s) appearing for the Case

Michael J. Freed, Christopher J. Stuart, Much, Shelist, Freed, Denenberg & Ament, Chicago, IL, Steve W. Berman, Clyde A. Platt, Jr. (argued), Clifford A. Cantor, Hagens & Berman, Seattle, WA, and Kevin P. McBride, Salt Lake City, UT, for Plaintiffs-Appellants.

Susan Getzendanner, Charles F. Smith (argued), John K. Lyons, Pauline Hyun-Soo Yoo, Skadden, Arps, Slate, Meagher & Flom (Illinois), Chicago, IL, and David L. McClenahan and David F. McGonigle, Kirkpatrick & Lockhart, Pittsburgh, PA, for Defendants-Appellees.

Before POSNER, Chief Judge, and FLAUM and EVANS, Circuit Judges.

POSNER, Chief Judge.

This is a class action on behalf of employees of United Airlines who are participants in United's Employee Stock Ownership Plan against State Street Bank and Trust Company, the trustee of the ESOP, an employee benefit plan governed by the Employee Retirement Income Security Act of 1974 (ERISA). See 29 U.S.C. §§ 1002(2)(A), (3), 1003(a). (Actually there are two plans, but we shall suppress that and several other details and nuances in...

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