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DANSKO HOLDINGS, INC. v. BEN. TRUST CO.

Nos. 19-3847 & 19-3892.

991 F.3d 494 (2021)

DANSKO HOLDINGS, INC., Appellant v. BENEFIT TRUST CO., Appellant.

United States Court of Appeals, Third Circuit.

Filed: March 16, 2021.

As Revised March 25, 2021.

Attorney(s) appearing for the Case

Richard N. Bien , [ARGUED], J. Bradley Leitch , Lathrop GPM, 2345 Grand Boulevard, Suite 2200, Kansas City, MO 64108, Joshua Bachrach , Wilson Elser Moskowitz Edelman & Dicker LLP, 2001 Market Street, Two Commerce Square, Suite 3100, Philadelphia, PA 19103, Counsel for Appellant in No. 19-3847.

Robert W. Hayes , [ARGUED], Cozen O'Connor, 1650 Market Street, Suite 2800, Philadelphia, PA 19103, Counsel for Appellee in No. 19-3847.

Before: AMBRO, BIBAS, and ROTH, Circuit Judges.

OPINION OF THE COURT

A shoe company hired a trust company as trustee for its employees' stock ownership plan. After that, the trustee hinted that it would help the shoemaker refinance its debt, but then backed out of that deal. The shoemaker sued the trustee. The trustee counterclaimed for the cost of defending the...

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