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BUSSIAN v. RJR NABISCO, INC.

No. CIV.A. H-91-1533.

21 F.Supp.2d 680 (1998)

BUSSIAN, et al., Plaintiffs, v. RJR NABISCO, INC., Defendant.

United States District Court, S.D. Texas.

September 2, 1998.

Attorney(s) appearing for the Case

Randall W. Wilson, Houston, TX, for Plaintiffs.

Willis J. Goldsmith, Washington, DC, Gerald Bracht, Houston, TX, for Defendant.

LYNN N. HUGHES, District Judge.

Opinion on Summary Judgment

1. Introduction.

Beneficiaries of a retirement plan sued the plan's former sponsor for investing the plan's assets in annuities that later lost value when the issuer of the annuities was placed in a conservatorship. The loss of value evinces neither disloyalty, imprudence, nor a failure to diversity. There is no issue of fact on a breach of the sponsor's duties. The beneficiaries...

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