KIRSCHBAUM v. RELIANT ENERGY, INC.

No. 06-20157.

526 F.3d 243 (2008)

Brad KIRSCHBAUM, on behalf of himself and all others similarly situated, Plaintiff-Appellant, Raymond Royer, Appellant, v. RELIANT ENERGY, INC., et al., Defendants, Reliant Energy, Inc.; T. Milton Honea; Milton Carroll; John T. Cater; Richard E. Balzhiser; James A. Baker, III; Benefits Committee of Reliant Energy; David M. McClanahan; Mary P. Ricciardello; Gary Whitlock; Lee Hogan; Waters S. Davis, IV; Steve Schaeffer; Tom Standish, Defendants-Appellees.

United States Court of Appeals, Fifth Circuit.

April 25, 2008.


Attorney(s) appearing for the Case

Paul O. Paradis, Gina M. Tufaro, Horwitz, Horwitz & Paradis, New York City, Robert A. Izard, Jr. (argued), Eric Lee Palmquist, Schatz Nobel Izard P.C., Hartford, CT, John G. Emerson, Jr., Emerson Poynter, Houston, TX, for Brad Kirschbaum and Raymond Royer.

Mary Ellen Signorille, Melvin Radowitz, American Ass'n of Retired Persons, Washington, DC, for American Ass'n of Retired Persons, Amicus Curiae.

Jeffrey G. Lewis, Lewis, Feinberg, Renaker & Jackson, Oakland, CA, for Nat. Employment Lawyers Ass'n, Amicus Curiae.

Elizabeth Hopkins (argued), U.S. Dept. of Labor, Washington, DC, for Elaine Chao, Amicus Curiae.

James Edward Maloney (argued), Maria Wyckoff Boyce, Aaron Michael Streett, Baker Botts, David Keith Isaak, David Gerger & Associates, Houston, TX, for Defendants-Appellees.

Lawrence H. Hunt, Jr., Sidley Austin, Chicago, IL, for Reliant Energy, Inc., T. Milton Honea, Milton Carroll, John T. Cater, Richard E. Balzhiser and James A. Baker, III.

Before JONES, Chief Judge, and STEWART and CLEMENT, Circuit Judges.


EDITH H. JONES, Chief Judge:

Brad Kirschbaum ("Kirschbaum"), an employee of Reliant Energy, Inc. ("REI") and a participant in the Reliant Energy Savings Plan ("Plan"), brought this ERISA class action against REI and the REI Benefits Committee (collectively, "REI defendants") representing current and former plan participants on whose behalf the Plan purchased or held shares of the Reliant Energy Common Stock Fund from August 2, 1999 to May 16, 2002. The district court...

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