McCORKLE v. BANK OF AMERICA CORP.

No. 11-1668.

688 F.3d 164 (2012)

David L. McCORKLE; William L. Pender, Plaintiffs-Appellants, and Anita Pothier; Kathy L. Jimenez; Mariela Arias; Ronald R. Wright; James C. Faber, Jr., On behalf of themselves and on behalf of all others similarly situated, Plaintiffs, v. BANK OF AMERICA CORPORATION; Bank of America, NA; The Bank of America Pension Plan; The Bank of America 401(K) Plan; Bank of America Corporation Corporate Benefits Committee, Defendants-Appellees, and Bank of America Transferred Savings Account Plan; Unknown Party, John and Jane Does # 1-50, Former Directors of NationsBank Corporation and Current and Former Directors of Bank of America Corporation & John & Jane Does #51-100, Current/Former Members of the Bank of America Corporation Corporate Benefit; Pricewaterhousecoopers, LLP; Charles K. Gifford; James H. Hance, Jr.; Kenneth D. Lewis; Charles W. Coker; Paul Fulton; Donald E. Guinn; William Barnett, III; John T. Collins; Gary L. Countryman; Walter E. Massey; Thomas J. May; C. Steven McMillan; Eugene M. McQuade; Patricia E. Mitchell; Edward L. Romero; Thomas M. Ryan; O. Temple Sloan, Jr.; Meredith R. Spangler; Hugh L. McColl; Alan T. Dickson; Frank Dowd, IV; Kathleen F. Feldstein; C. Ray Holman; W.W. Johnson; Ronald Townsend; Solomon D. Trujillo; Virgil R. Williams; Charles E. Rice; Ray C. Anderson; Rita Bornstein; B.A. Bridgewater, Jr.; Thomas E. Capps; Alvin R. Carpenter; David Coulter; Thomas G. Cousins; Andrew G. Craig; Russell W. Meyer, Jr.; Richard B. Priory; John C. Slane; Albert E. Suter; John A. Williams; John R. Belk; Tim F. Crull; Richard M. Rosenberg; Peter V. Ueberroth; Shirley Young; J. Steele Alphin; Amy Woods Brinkley; Edward J. Brown, III; Charles J. Cooley; Alvaro G. De Molina; Richard M. Demartini; Barbara J. Desoer; Liam E. McGee; Michael E. O'Neill; Owen G. Shell, Jr.; A. Michael Spence; R. Eugene Taylor; F. William Vandiver, Jr.; Jackie M. Ward; Bradford H. Warner, Defendants.

United States Court of Appeals, Fourth Circuit.

Decided: July 25, 2012.


Attorney(s) appearing for the Case

ARGUED: Eli Gottesdiener , Gottesdiener Law Firm, Brooklyn, New York, for Appellants. Carter Glasgow Phillips , Sidley Austin, LLP, Washington, D.C., for Appellees. ON BRIEF: Thomas D. Garlitz , Thomas D. Garlitz, PLLC, Charlotte, North Carolina, for Appellants. Irving M. Brenner , McGuirewoods LLP, Charlotte, North Carolina; Anne E. Rea , David B. Johnson , J. Randal Wexler , Christopher K. Meyer , Sidley Austin, LLP, Chicago, Illinois, for Appellees.

Affirmed by published opinion. Judge AGEE wrote the opinion, in which Judge DAVIS and Judge WYNN joined.


OPINION

AGEE, Circuit Judge:

David McCorkle and William Pender ("Plaintiffs") appeal the district court's order dismissing two of their class action claims against Bank of America Corp. ("the Bank") for alleged violations of certain provisions of the Employment Retirement Income Security Act of 1974 ("ERISA"), 29 U.S.C. §§ 1001-1461. The gravamen of Plaintiffs' claims is that the Bank of America Pension Plan ("the Plan") employed a normal retirement...

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