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WAKEFIELD v. WELLS FARGO & COMPANY

No. C 13-05053 LB.

KENNISON WAKEFIELD, et al., Plaintiffs, v. WELLS FARGO & COMPANY, et al., Defendants.

United States District Court, N.D. California, San Francisco Division.

October 9, 2014.

Attorney(s) appearing for the Case

Kennison Wakefield, Plaintiff, represented by Charles Godfrey Miller , Bartko Zankel Bunzel & Miller, Michael Stephen Taaffe , Shumaker Loop and Kendrick, LLP, Robert H. Bunzel , Bartko Zankel Bunzel & Miller, Sony Broto Barari , Bartko, Zankel, Bunzel & Miller, William Ivar Edlund , Bartko Zankel Bunzel & Miller, Jarrod J Malone , Shumaker Loop and Kendrick, LLP & Michael David Bressan , Shumaker Loop and Kendrick, LLP.

William Stonhaus, Plaintiff, represented by William Ivar Edlund , Bartko Zankel Bunzel & Miller.

Wells Fargo & Company, Defendant, represented by Terry Edward Sanchez , Munger Tolles & Olson LLP, Malcolm A. Heinicke , Munger Tolles & Olson LLP, Marja-Liisa Overbeck , Munger, Tolles & Olson LLP & Puneet Kaur Sandhu , Munger Tolles and Olson.

Wells Fargo Advisors, LLC, Defendant, represented by Terry Edward Sanchez , Munger Tolles & Olson LLP, Malcolm A. Heinicke , Munger Tolles & Olson LLP, Marja-Liisa Overbeck , Munger, Tolles & Olson LLP & Puneet Kaur Sandhu , Munger Tolles and Olson.

Wells Fargo Advisors Financial Network., L.L.C., Defendant, represented by Terry Edward Sanchez , Munger Tolles & Olson LLP, Malcolm A. Heinicke , Munger Tolles & Olson LLP, Marja-Liisa Overbeck , Munger, Tolles & Olson LLP & Puneet Kaur Sandhu , Munger Tolles and Olson.

ORDER GRANTING DEFENDANTS' MOTION FOR PARTIAL SUMMARY JUDGMENT

[Re: ECF No. 46]

LAUREL BEELER, Magistrate Judge.

INTRODUCTION

Plaintiffs Kennison Wakefield and William Stonhaus are financial advisors who left Wells Fargo to work for competing financial services firms. When they left, they had money in deferred compensation plans. The plans' terms provided that when financial advisors leave, they forfeit unvested deferred compensation...

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