SINGH v. RADIOSHACK CORP.

No. 16-11587.

882 F.3d 137 (2018)

Manoj P. SINGH Plaintiff-Appellant, v. RADIOSHACK CORPORATION; James F. Gooch; Joseph C. Magnacca; Martin O. Moad; Robert E. Abernathy; Frank J. Belatti; Julia A. Dobson; Daniel R. Feehan; H. Eugene Lockhart; Jack L. Messman; Thomas G. Plaskell; Edwina D. Woodbury; Administrative Committee of The RadioShack 401(k) Plan; Administrative Committee of The RadioShack Puerto Rico 1165(e) Plan; RadioShack 401(k) Plan Employee Benefits Committee; RadioShack Puerto Rico Plan Employee Benefits Committee; Does 1-10, Inclusive; Justin Johnson; Wells Fargo Bank, N.A.; Mark Barfield; Banco Popular De Puerto Rico; Karina Davis; Eric Hales; Michael E. Keyser; Kevin Krautkramer; Sri Reddy; Board of Directors of RadioShack, Defendants-Appellees. Jeffrey Snyder Plaintiff-Appellant, v. RadioShack Corporation; James F. Gooch; Joseph C. Magnacca; Martin O. Moad; Robert E. Abernathy; Frank J. Belatti; Julia A. Dobson; Daniel R. Feehan; H. Eugene Lockhart; Jack L. Messman; Thomas G. Plaskell; Edwina D. Woodbury; Administrative Committee of The RadioShack 401(k) Plan; Administrative Committee of The RadioShack Puerto Rico 1165(e) Plan; RadioShack 401(k) Plan Employee Benefits Committee; RadioShack Puerto Rico Plan Employee Benefits Committee; Does 1-10, inclusive, Defendants-Appellees. William A. Gerhart, On Behalf of Himself and The RadioShack 401(k) Plan and The RadioShack Puerto Rico 1165(e) Plan, and/or Alternatively on Behalf of a Class Consisting of Similarly Situated Participants and Beneficiaries of the Plans, Plaintiff-Appellant, v. RadioShack Corporation; the Administrative Committee of The RadioShack 401(k) Plan; Administrative Committee of The RadioShack Puerto Rico 1165(e) Plan; Does 1-10, Inclusive; the Board of Directors of RadioShack; Robert E. Abernathy; Frank J. Belatti; Julia A. Dobson; Daniel R. Feehan; H. Eugene Lockhart; Jack L. Messman; Thomas G. Plaskell; Edwina D. Woodbury, Defendants-Appellees.

United States Court of Appeals, Fifth Circuit.

Filed: February 6, 2018.


Attorney(s) appearing for the Case

Mark K. Gyandoh , Julie Siebert-Johnson , Kessler Topaz Meltzer & Check, L.L.P., Radnor, PA, Roger L. Mandel , Lackey Hershman, L.L.P., Dallas, TX, for Plaintiffs-Appellants Manoj P. Singh and Jeffrey Snyder.

Mark K. Gyandoh , Julie Siebert-Johnson , Kessler Topaz Meltzer & Check, L.L.P., Radnor, PA, Michael J. Klein , Stull, Stull & Brody, New York, NY, Roger L. Mandel , Lackey Hershman, L.L.P., Dallas, TX, for Plaintiff-Appellant William A. Gerhart, On Behalf of Himself and the RadioShack 401(k) Plan and the RadioShack Puerto Rico 1165(e) Plan, and/or Alternatively on Behalf of a Class Consisting of Similarly Situated Participants and Beneficiaries of the Plans.

Brian T. Ortelere, Esq. , Morgan, Lewis & Bockius, L.L.P., Philadelphia, PA, Justin Roel Chapafor , David I. Monteiro, Esq. , Morgan, Lewis & Bockius, L.L.P., Dallas, TX, Matthew Allen Russell , Morgan, Lewis & Bockius, L.L.P., Chicago, IL, Defendants-Appellees RadioShack Corporation, James F. Gooch, Joseph C. Magnacca, Martin O. Moad, Robert E. Abernathy, Frank J. Belatti, Julia A. Dobson, Daniel R. Feehan, H. Eugene Lockhart, Jack L. Messman, Thomas G. Plaskell, Edwina D. Woodbury, Administrative Committee of the RadioShack 401(k) Plan, Administrative Committee of the RadioShack Puerto Rico 1165(e) Plan, RadioShack 401(k) Plan Employee Benefits Committee, RadioShack Puerto Rico Plan Employee Benefits Committee, Does 1-10, inclusive, Justin Johnson, Mark Barfield, Karina Davis, Eric Hales, Michael E. Keyser, Kevin Krautkramer, Sri Reddy, Board of Directors of RadioShack.

Howard Shapiro, Esq. , Proskauer, New Orleans, LA, for Defendant-Appellee Wells Fargo Bank, N.A.

Dennis J. Keithly , Yung Keithly, L.L.P., Dallas, TX, for Defendant-Appellee Banco Popular De Puerto Rico.

Before STEWART, Chief Judge, and JOLLY and OWEN, Circuit Judges.


The Plaintiffs, Manoj P. Singh, Jeffrey Snyder, and William A. Gerhart, represent a putative class of those who participated in RadioShack Corporation's 401(k) Plan and who held RadioShack stock in their 401(k) accounts after November 30, 2011. They appeal the dismissal of their claims that Defendants—members of the RadioShack board...

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