EVANS v. AKERS

No. CIV.A.04 11380 WGY.

466 F.Supp.2d 371 (2006)

Keri EVANS and Timothy Whipps, on behalf of themselves and a class of all others similarly situated Plaintiffs, v. John F. AKERS, Ronald C. Cambre Marye Anne Fox, John J. Murphy, Paul J. Norris, Thomas A. Vanderslice, H. Furlong Baldwin, Investments and Benefits Committee, Administrative Committee, Brenda Gottlieb, W. Brian McGowan, Michael Piergrossi, Robert M. Tarola, Eileen Walsh, David Nakashige, Elyse Napoli, Martin Hunter, Ren Lapadario, and Unknown Fiduciary Defendants 1-100 Defendants.

United States District Court, D. Massachusetts.

December 6, 2006.


Attorney(s) appearing for the Case

Kenneth Betz, Arvada, CO, for Paul J. Norris, Defendant.

Jeffrey C Block, Berman DeValerio Pease Tabacco Burt & Pucillo, Boston, MA, James R. Cummins, Stanley M. Chelsey, Terrence L. Goodman, Jane H. Walker, Waite Schneider, Bayless & Chesley Co., LPA, Cincinnati, OH, Glen DeValerio, Berman DeValerio Pease, Boston, MA; for David Mueller, Jerry L. Howard, Sr., Lawrence Bunch, Consolidated Plaintiffs.

Katherine B. Bornstein, Schiffrin & Barroway, LLP, Radnor, PA, Edward W. Clolko, Schiffrin & Barroway, LLP, Bala Cynwyd, PA, Thomas J. Hart, Slevin & Hart, Washington, DC, David Pastor, Gilman and Pastor, LLP, Boston, MA, Gerald D. Wells, III, Schiffrin & Barroway, LLP, Cynwyd, PA, Joseph H. Meitzer, Schiffrin & Barroway, LLP, Radnor, PA, for Keri Evans, Plaintiff.

Gretchen A. Dixon, Caroline Turner English, Arent Fox PLLC, Washington, DC, for Administrative Committee, Investments and Benefits Committee, Brenda Gottlieb, H. Furlong Baldwin, John F. Akers, Marye Anne Fox, Michael Piergrossi, Paul J. Norris, Ronald C. Cambre, Thomas A. Vanderslice, W. Brian McGowan, Officer John J. Murphy, David Nakashige, Eileen Walsh, Elyse Napoli, Martin Hunter, Ren Lapadario, Defendants.

Carol Connor Flowe, Arent Fox PLLC, Washington, DC, for Administrative Committee, Investments and Benefits Committee, Brenda Gottlieb, H. Furlong Baldwin, John F. Akers, Officer John J. Murphy, Marye Anne Fox, Michael Piergrossi, Paul J. Norris, Ronald C. Cambre, Thomas A. Vanderslice, W. Brian McGowan, David Nakashige, Eileen Walsh, Elyse. Napoli, Martin Hunter, Ren Lapadario, Defendants.

John A.D. Gilmore, DLA Piper Rudnick Gray Cary U.S. LLP, Boston, MA, Arthur W.S. Duff, Robert N. Eccles, O'Melveny & Myers, Washington, DC, for Fidelity Management Trust Company, Defendant.

Nancy S. Heermans, Arent Fox PLLC, Washington, DC, for Administrative Committee, Investments and Benefits Committee, Brenda Gottlieb, David Nakashige, Eileen Walsh, Elyse Napoli, H. Furlong Baldwin, John F. Akers, Officer John J. Murphy, Martin Hunter, Marye Anne Fox, Michael Piergrossi, Paul J. Norris, Ren Lapadario, Ronald C. Cambre, Thomas A. Vanderslice, W. Brian McGowan, Defendants.

Matthew C. Hurley, Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, PC, Boston, MA, for Administrative Committee, Investments and Benefits Committee, Brenda Gottlieb, H. Furlong Baldwin, John F. Akers, Officer John J. Murphy, Marye Anne Fox, Michael Piergrossi, Paul J. Norris, Ronald C. Cambre, Thomas A. Vanderslice, W. Brian McGowan, State Street Bank & Trust Company, Fidelity Management Trust Company, David Nakashige, Eileen Walsh, Elyse Napoli, Martin Hunter, Ren Lapadario, Unknown Fiduciary Defendants 1-100, Fidelity Management Trust Company, State Street Bank & Trust Company, Defendants.

Joshua Irwin Paul, Hastings, John A. Reding, Janofsky & Walker, LLP, San Francisco, CA, David B Mack, Nixon Peabody LLP (BOS), Boston, MA, Sean T. Carnathan, O'Connor, Carnathan and Mack LLC, Burlington, MA, Scott M. Flicker, Paul, Hastings, Janofsky & Walker, LLP, Washington, DC, Thomas A. Rust Paul, Hastings, Janofsky & Walker LLP, Washington, DC, for State Street Bank and Trust Company, Consolidated Defendant.

Brian H. Mukherjee, Goodwin Procter, LLP, Boston, MA, Kirsten M. Nelson, Shearman & Sterling LLP, New York, NY, Gary S. Tell, O'Melveny & Myers LLP, Washington, DC, for Fidelity Management Trust Company, Defendant.

Valerie N. Webb, Arent Fox PLLC, Washington, DC, for Administrative Committee, Investments and Benefits Committee, Brenda Gottlieb, David Nakashige, Elyse Napoll, H. Furlong Baldwin, John F. Akers, Officer John J. Murphy, Martin Hunter, Marye Anne Fox, Michael Plergrossi, Paul J. Norris, Ren Lapadario, Ronald C. Cambre, Thomas A. Vanderslice, W. Brian McGowan, Defendants.

Jeffrey Robert Yousey, Nelson Kinder Mosseau & Saturley, PC, Manchester, NH, for Fidelity Management Trust Company, State Street Bank & Trust Company, Defendants.


MEMORANDUM AND ORDER

YOUNG, District Judge.

I. INTRODUCTION

The Court here considers the propriety of certifying a class consisting of all persons who were participants or beneficiaries of the W.R. Grace & Co. Savings and Investment Plan ("the Plan") at any time between July 1, 1999 and April 19, 2004.

II. BACKGROUND

A. Factual Allegations

W.R. Grace & Co. ("Grace") is...

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