BEACH v. JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

No. 17-CV-563 (JMF).

TERRE BEACH, on behalf of all others similarly situated, et al., Plaintiffs, v. JPMORGAN CHASE BANK, NATIONAL ASSOCIATION et al., Defendants.

United States District Court, S.D. New York.

June 11, 2019.

Editors Note
Applicable Law: 29 U.S.C. § 1109
Cause: 29 U.S.C. § 1109 Breach of Fiduciary Duties
Nature of Suit: 791 Labor: E.R.I.S.A.
Source: PACER


Attorney(s) appearing for the Case

Ferdinand Orellana, individually and on behalf of themselves and all others similarly situated, Plaintiff, represented by Evan Jay Kaufman , Robbins Geller Rudman & Dowd LLP, Samuel Howard Rudman , Robbins Geller Rudman & Dowd LLP, William Scott Holleman , Johnson Fistel, LLP, Donna Siegel Moffa , Barroway Topaz Kessler Meltzer & Check, LLP, Mark E. Thomson , Nichols Kaster, PLLP & Mark K. Gyandoh , Kessler Topaz Meltzer & Check, LLP.

William Stirsman, individually and on behalf of themselves and all others similarly situated, Plaintiff, represented by David Steven Preminger , Keller Rohrback L.L.P., Derek W. Loeser , Keller Rohrback L.L.P., pro hac vice, Gretchen S. Obrist , Keller Rohrback L.L.P., pro hac vice, Lynn Lincoln Sarko , Keller Rohrback L.L.P., pro hac vice, Tanya Korkhov , Keller Rohrback L.L.P., Donna Siegel Moffa , Barroway Topaz Kessler Meltzer & Check, LLP, Erin M. Riley , Keller Rohrback L.L.P, Mark E. Thomson , Nichols Kaster, PLLP & Mark K. Gyandoh , Kessler Topaz Meltzer & Check, LLP.

Sean Daly, individually and on behalf of themselves and all others similarly situated & James C. Monaghan, individually and on behalf of themselves and all others similarly situated, Consolidated Plaintiffs, represented by Donna Siegel Moffa , Barroway Topaz Kessler Meltzer & Check, LLP, Mark E. Thomson , Nichols Kaster, PLLP, Joseph H. Meltzer , Kessler Topaz Meltzer & Check, LLP & Mark K. Gyandoh , Kessler Topaz Meltzer & Check, LLP.

Antoinette Fondren, individually and on behalf of themselves and all others similarly situated, Consolidated Plaintiff, represented by Donna Siegel Moffa , Barroway Topaz Kessler Meltzer & Check, LLP, James A. Maro, Jr. , Kessler Topaz Meltzer & Check, LLP, Mark E. Thomson , Nichols Kaster, PLLP, Joseph H. Meltzer , Kessler Topaz Meltzer & Check, LLP & Mark K. Gyandoh , Kessler Topaz Meltzer & Check, LLP.

Ferdinand Orellana & William Stirsman, Consolidated Plaintiffs, represented by Joseph H. Meltzer , Kessler Topaz Meltzer & Check, LLP & Mark K. Gyandoh , Kessler Topaz Meltzer & Check, LLP.

JPMorgan Chase Bank, National Association, JPMorgan Chase & Company, Compensation & Management Development Committee, Selection Committee, Employee Plans Investment Committee, J.P. Morgan Investment Management Inc., Head of Human Resources for JPMorgan Chase & Co., Chief Financial Officer for JPMorgan Chase & Co., Benefits Director of JPMorgan Chase & Co., Stephen B. Burke, William C. Weldon, John C. Donnelly, Marianne Lake, Bernadette Branosky, Thelma Ferguson & John Does 1-20, Defendants, represented by Susan Leslie Saltzstein , Skadden, Arps, Slate, Meagher & Flom LLP, James R. Carroll , Skadden, Arps, Slate, Meagher & Flom, L.L.P. & Michael S. Hines , Skadden, Arps, Slate, Meagher & Flom LLP.

Board of Directors for JPMorgan Chase Bank, National Association, Defendant, represented by Susan Leslie Saltzstein , Skadden, Arps, Slate, Meagher & Flom LLP & James R. Carroll , Skadden, Arps, Slate, Meagher & Flom, L.L.P.

Board of Directors for JPMorgan Chase & Company, Linda B. Bammann, James A. Bell, Crandall C. Bowles, James S. Crown, Jamie Dimon, Timothy P Flynn, Laban P. Jackson, Jr., Michael A. Neal, Frank Bisignano, Matthew E. Zames, J.P. Morgan Chase 401(k) Savings Plan Selection Committee, David M. Cote, Douglas L. Braunstein, BlackRock Inc. & Ellen V. Futter, Defendants, represented by Susan Leslie Saltzstein , Skadden, Arps, Slate, Meagher & Flom LLP.

Lee R. Raymond, JP Morgan Chase Bank, NA, Terry Belton, Corrine Burger, Sally Durdan, Tom Horne, Bei Ling, Pablo Sanchez, Erik Umlauf, David Watson, Michael Weinbach & Compensation & Management Development Committee of the Board of Directors for JPMorgan Chase & Company, Defendants, represented by Susan Leslie Saltzstein , Skadden, Arps, Slate, Meagher & Flom LLP & Michael S. Hines , Skadden, Arps, Slate, Meagher & Flom LLP.


OPINION AND ORDER

Plaintiffs bring this putative class action pursuant to the Employee Retirement Income Security Act of 1974 ("ERISA"), 29 U.S.C. § 1100 et seq., on behalf of the JPMorgan Chase 401(k) Savings Plan (the "Plan"). Plaintiffs allege that JPMorgan Chase Bank, N.A. ("JPMorgan") and...

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