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DORMANI v. TARGET CORP.

No. 18-2543.

970 F.3d 910 (2020)

Ann DORMANI; Mitchell W. Knoll; David Rigol, Dorothea Simmons, on behalf of the Target Corporation 401(k) Plan, themselves, and a class consisting of similarly situated participants of the Plan, Plaintiffs-Appellants, v. TARGET CORPORATION; Scott Kennedy; Michael Fiddelke; Plan Investment Committee; John Mulligan; Corey Haaland; Jodee Kozlak; Beth Jacob; John Doe Defendants 1-10; Gregg Steinhafel, Defendants-Appellees.

United States Court of Appeals, Eighth Circuit.

Filed: July 28, 2020.

Attorney(s) appearing for the Case

Patrice L. Bishop , STULL & STULL, Beverly Hills, CA, David Ernest Krause , DAVID E. KRAUSE LAW OFFICE, Minneapolis, MN, Nancy A. Kulesa , Fairfield, CT, Gregory M. Nespole , LEVI & KORSINSKY, New York, NY, Gregory Potrepka , LEVI & KORSINSKY, Stamford, CT, for Plaintiffs-Appellants.

Jeffrey Justman , Wendy J. Wildung , FAEGRE & DRINKER, Minneapolis, MN, for Defendants-Appellees.

Before SHEPHERD, GRASZ, and KOBES, Circuit Judges.

Participants in Target Corporation's employee stock ownership plan sued Target and several of its senior executives alleging that as ESOP fiduciaries from February 27, 2013 to August 6, 2014, they breached the duties of prudence and loyalty, as well as the duty to monitor other fiduciaries, in violation of the Employee Retirement...

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