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L.I. HEAD START CHILD DEVELOP. SERVICES v. KEARSE

No. CV 93-1443(ADS).

86 F.Supp.2d 143 (2000)

L.I. HEAD START CHILD DEVELOPMENT SERVICES, INC., Anthony Macaluso and Paul Adams, Individually on their own behalf and on behalf of all other persons similarly situated, Plaintiffs, v. John L. KEARSE and Alphonso Anderson, as Trustees of the Community Action Agencies Insurance Group, and Community Actions Agencies Insurance Group, Defendant.

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

March 3, 2000.

Attorney(s) appearing for the Case

Altieri, Kushner, Miuccio & Frind, P.C. by Alexander A. Miuccio, Barry L. Mendelson, New York City, for Plaintiffs.

Frank & Breslow, L.L.P, Farmingdale by Allen B. Breslow, Ralph A. Somma, Farmingdale, NY, for Defendants.

MEMORANDUM OF DECISION AND ORDER

SPATT, District Judge.

The fiduciary duty of loyalty imposed by ERISA is designed to ensure that fund assets are held and administered for the sole and exclusive benefit of plan participants.

O'Neil v. Retirement Plan for Salaried Employees of RKO General, Inc., 37 F.3d 55, 61 (2d Cir.1994) (citing Levy v. Local Union Number 810, 20 F.3d 516...

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