SIMS v. BB&T CORPORATION

No. 1:15-CV-732.

ROBERT SIMS, et al., Plaintiffs, v. BB&T CORPORATION, et al., Defendants.

United States District Court, M.D. North Carolina.

July 18, 2018.

Editors Note
Applicable Law: 29 U.S.C. § 1001
Cause: 29 U.S.C. § 1001 E.R.I.S.A.: Employee Retirement
Nature of Suit: 791 Labor: E.R.I.S.A.
Source: PACER


Attorney(s) appearing for the Case

ROBERT SIMS, INDIVIDUALLY AND AS A REPRESENTATIVE OF CLASSES OF SIMILARLY SITUATED PERSONS, AND ON BEHALF OF THE BB&T CORPORATION 401(K) SAVINGS PLAN, ERIK GAVIDIA, INDIVIDUALLY AND AS A REPRESENTATIVE OF CLASSES OF SIMILARLY SITUATED PERSONS, AND ON BEHALF OF THE BB&T CORPORATION 401(K) SAVINGS PLAN, STEPHANIE GAVIDIA, INDIVIDUALLY AND AS A REPRESENTATIVE OF CLASSES OF SIMILARLY SITUATED PERSONS, AND ON BEHALF OF THE BB&T CORPORATION 401(K) SAVINGS PLAN, STACY HOLSTEIN, INDIVIDUALLY AND AS A REPRESENTATIVE OF CLASSES OF SIMILARLY SITUATED PERSONS, AND ON BEHALF OF THE BB&T CORPORATION 401(K) SAVINGS PLAN & KERRI GREANER, INDIVIDUALLY AND AS A REPRESENTATIVE OF CLASSES OF SIMILARLY SITUATED PERSONS, AND ON BEHALF OF THE BB&T CORPORATION 401(K) SAVINGS PLAN, Plaintiffs, represented by KAI H. RICHTER , NICHOLS KASTER, PLLP, AARON E. SCHWARTZ , SCHLICHTER BOGARD & DENTON, LLP, BROCK J. SPECHT , NICHOLS KASTER, PLLP, CARL F. ENGSTROM , NICHOLS KASTER, PLLP, DAVID B. PURYEAR, Jr. , PURYEAR AND LINGLE, P.L.L.C., JACOB T. SCHUTZ , NICHOLS KASTER, PLLP, JENNIFER K. LEE , NICHOLS KASTER, PLLP, PAUL JOSEPH LUKAS , NICHOLS KASTER, PLLP, TROY A. DOLES , SCHLICHTER BOGARD & DENTON & JEROME J. SCHLICHTER , SCHLICHTER BOGARD & DENTON.

PAULA BRIDGES, INDIVIDUALLY AND AS A REPRESENTATIVE OF CLASSES OF SIMILARLY SITUATED PERSONS, AND ON BEHALF OF THE BB&T CORPORATION 401(K) SAVINGS PLAN, Plaintiff, represented by AARON E. SCHWARTZ , SCHLICHTER BOGARD & DENTON, LLP, BROCK J. SPECHT , NICHOLS KASTER, PLLP, DAVID B. PURYEAR, Jr. , PURYEAR AND LINGLE, P.L.L.C., ETHAN D. HATCH , SCHLICHTER BOGARD & DENTON, LLP, HEATHER LEA , SCHLICHTER BOGARD & DENTON, LLP, JACOB T. SCHUTZ , NICHOLS KASTER, PLLP, KURT C. STRUCKHOFF , SCHLICHTER BOGARD & DENTON, MICHAEL A. WOLFF , SCHLICHTER BOGARD & DENTON, LLP, SEAN E. SOYARS , SCHLICHTER BOGARD & DENTON, LLP, TROY A. DOLES , SCHLICHTER BOGARD & DENTON & JEROME J. SCHLICHTER , SCHLICHTER BOGARD & DENTON.

NANCY JOHNSON, INDIVIDUALLY AND AS A REPRESENTATIVE OF CLASSES OF SIMILARLY SITUATED PERSONS, AND ON BEHALF OF THE BB&T CORPORATION 401(K) SAVINGS PLAN, PATRICIA WELLS, INDIVIDUALLY AND AS A REPRESENTATIVE OF CLASSES OF SIMILARLY SITUATED PERSONS, AND ON BEHALF OF THE BB&T CORPORATION 401(K) SAVINGS PLAN, BREWSTER SMITH, JR, INDIVIDUALLY AND AS A REPRESENTATIVE OF CLASSES OF SIMILARLY SITUATED PERSONS, AND ON BEHALF OF THE BB&T CORPORATION 401(K) SAVINGS PLAN & DORIS KIROUAC, INDIVIDUALLY AND AS A REPRESENTATIVE OF CLASSES OF SIMILARLY SITUATED PERSONS, AND ON BEHALF OF THE BB&T CORPORATION 401(K) SAVINGS PLAN, Plaintiffs, represented by AARON E. SCHWARTZ , SCHLICHTER BOGARD & DENTON, LLP, BROCK J. SPECHT , NICHOLS KASTER, PLLP, DAVID B. PURYEAR, Jr. , PURYEAR AND LINGLE, P.L.L.C., ETHAN D. HATCH , SCHLICHTER BOGARD & DENTON, LLP, HEATHER LEA , SCHLICHTER BOGARD & DENTON, LLP, JACOB T. SCHUTZ , NICHOLS KASTER, PLLP, KAI H. RICHTER , NICHOLS KASTER, PLLP, KURT C. STRUCKHOFF , SCHLICHTER BOGARD & DENTON, MICHAEL A. WOLFF , SCHLICHTER BOGARD & DENTON, LLP, SEAN E. SOYARS , SCHLICHTER BOGARD & DENTON, LLP, TROY A. DOLES , SCHLICHTER BOGARD & DENTON & JEROME J. SCHLICHTER , SCHLICHTER BOGARD & DENTON.

BB&T CORPORATION, BB&T CORPORATION EMPLOYEE BENEFITS PLAN COMMITTEE, BB&T CORPORATION BOARD OF DIRECTORS, COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS OF BB&T CORPORATION, JOHN P HOWE, ANNA R. CABLIK, EDWIN H WELCH, ERIC C KENDRICK, LOUIS B LYNN, TOLLIE W RICH, STEVE REEDER, CINDY POWELL, STERLING CAPITAL MANAGEMENT LLC & JOHN DOES 1-40, Defendants, represented by BRENT F. POWELL , WOMBLE BOND DICKINSON (US) LLP, DEBBIE WESTON HARDEN , WOMBLE BOND DICKINSON (US) LLP, RONALD R. DAVIS , WOMBLE BOND DICKINSON (US) LLP, JUSTIN M. HOLMES , GROOM LAW GROUP, CHARTERED, MARK L. BIETER , GROOM LAW GROUP, CHARTERED, MICHAEL J. PRAME , GROOM LAW GROUP, CHARTERED & PAUL J. RINEFIERD , GROOM LAW GROUP, CHARTERED.

JOHN A. ALLISON, IV, JENNIFER S. BANNER, K. DAVID BOYER, JR., NELLE R. CHILTON, RONALD E. DEAL, TOM D. EFIRD, JAMES A. FAULKNER, BARRY J. FITZPATRICK, J. LITTLETON GLOVER, JR, L. VINCENT HACKLEY, JANE P. HELM, I. PATRICIA HENRY, KELLY S. KING, VALERIA LYNCH LEE, JAMES H. MAYNARD, ALBERT O. MCCAULEY, EDWARD C. MILLIGAN, J. HOLMES MORRISON, CHARLES A. PATTON, NIDO R. QUBEIN, WILLIAM J. REUTER, E. RHONE SASSER, CHRISTINE SEARS, THOMAS E. SKAINS, THOMAS N. THOMPSON, STEPHEN T. WILLIAMS & BRANCH BANKING AND TRUST COMPANY, Defendants, represented by BRENT F. POWELL , WOMBLE BOND DICKINSON (US) LLP, JUSTIN M. HOLMES , GROOM LAW GROUP, CHARTERED, MARK L. BIETER , GROOM LAW GROUP, CHARTERED, MICHAEL J. PRAME , GROOM LAW GROUP, CHARTERED & PAUL J. RINEFIERD , GROOM LAW GROUP, CHARTERED.

PAUL BARNES, KEN FITCHETT, SHARON JEFFRIES-JONES, KEITH KISER, JOHN SAPP, BECKY SINK, HENRY SKINNER & DEREK SURRETTE, Defendants, represented by BRENT F. POWELL , WOMBLE BOND DICKINSON (US) LLP & MARK L. BIETER , GROOM LAW GROUP, CHARTERED.

SEAN M. KANE & CARDINAL INVESTMENT ADVISORS, LLC, Movants, represented by JAMES J. SWARTZ, Jr. , POLSINELLI, PC.


MEMORANDUM OPINION AND ORDER

In this ERISA action, the plaintiffs have sued the defendants alleging that they breached their fiduciary duties and committed prohibited transactions in administering the BB&T Corporation 401(k) Savings Plan. The parties have filed a consolidated...

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