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ABBOTT v. LOCKHEED MARTIN CORP.

No. 12-3736.

725 F.3d 803 (2013)

Anthony ABBOTT, et al., Plaintiffs-Appellants, v. LOCKHEED MARTIN CORPORATION and Lockheed Martin Investment Management Company, Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided August 7, 2013.

Attorney(s) appearing for the Case

Jerome J. Schlichter , Michael A. Wolff , Schlichter, Bogard & Denton, St. Louis, MO, for Plaintiffs-Appellants.

Patrick J. Kenny , Armstrong Teasdale, St. Louis, MO, Brian David Netter , Mayer Brown LLP, Washington, DC, Jeffrey W. Sarles , Mayer Brown LLP, Chicago, IL, for Defendants-Appellees.

Before BAUER, WOOD, and TINDER, Circuit Judges.

WOOD, Circuit Judge.

In Spano v. Boeing Co., 633 F.3d 574 (7th Cir.2011), we confronted for the first time the question whether an action for breach of fiduciary duty under Section 502(a)(2) of the Employee Retirement Income Security Act of 1974 (ERISA), 29 U.S.C. § 1132(a)(2), may be maintained as a class action when a defined-contribution retirement savings plan is at issue. We concluded in Spano that the answer...

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