BP CORP. NORTH AMERICA v. NORTHERN TRUST INV.

Civil Action No. 08-cv-6029.

692 F.Supp.2d 980 (2010)

BP CORPORATION NORTH AMERICA INC. SAVINGS PLAN INVESTMENT OVERSIGHT COMMITTEE serving in its capacity as a named fiduciary of the BP Employee Savings Plan, the BP Capital Accumulation Plan, the BP DirectSave Plan, the BP Employee Savings Plan of Puerto Rico, and the BP Partnership Savings Plan under the BP Master Trust for Employee Savings Plans and the BP Solar Employee Savings Plan under the Trust for the BP Solar Employee Savings Plan, and BP Corporation North America Inc. Investment Committee serving in its capacity as a named fiduciary of the BP Retirement Accumulation Plan and the Enstar Corporation Retirement Plan under the BP Master Trust for Employee Pension Plans, Plaintiffs/Counter-Defendants, v. NORTHERN TRUST INVESTMENTS, N.A. and the Northern Trust Company, Defendants/Counter-Plaintiffs.

United States District Court, N.D. Illinois, Eastern Division.

February 10, 2010.


Attorney(s) appearing for the Case

Michael H. King, Bryan Michael Westhoff, Keith P. Schoeneberger, Therese King Nohos, Dewey & Leboeuf LLP, Chicago, IL, Garrett W. Wotkyns, Schneider Wallace Cottrell Brayton Konecky LLP, Scottsdale, AZ, Mark T. Johnson, Schneider Wallace Cottrell Brayton Konecky LLP, San Francisco, CA, for Plaintiffs/Counter-Defendants.

Caryn Leslie Jacobs, John Joseph Tharp, Jr., Justin Bishop Grewell, Michele Louise Odorizzi, Nathan Thomas Kipp, Mayer Brown LLP, Chicago, IL, for Defendants/Counter-Plaintiffs.


MEMORANDUM OPINION AND ORDER

WILLIAM J. HIBBLER, District Judge.

Two investment Committees (the Committees), acting in their capacity as fiduciaries for several pension plans for present and former employees of BP Corporation North America, Inc. (the Plans), sued Northern Trust Investments (NTI) and the Northern Trust Company (NTC) alleging numerous ERISA, 29 U.S.C. § 1001 et seq., violations related to NTI and NTC's securities lending...

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