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WILLIAMS v. ORENTLICHER

No. 49A02-1003-PL-249.

939 N.E.2d 663 (2010)

Warren L. WILLIAMS, David M. Karandos, UBS Financial Servs., Inc., Morgan Stanley & Co., Inc., Robert Frankel, Huttelston Assocs., Inc., McInnes Maggart Consulting GRP., L.L.C., and Crowe Horwath, LLP, Appellants-Defendants, v. David ORENTLICHER, John F. Springer, Frederick J. Suman, J. Sue Kelly, Steve Gookins, Brenda Pike, and Edward P. Sullivan, as Trustees of the I.S.T.A. Insurance Trust, Appellees-Plaintiffs.

Court of Appeals of Indiana.

December 28, 2010.

Attorney(s) appearing for the Case

Dennis F. Cantrell , Tara Stapleton Lutes , Cantrell, Strenski & Mehringer, LLP, Indianapolis, IN, Christopher J. Rillo , Paula M. Ketcham , Lisa Carey-Davis , Schiff Hardin LLP, Chicago, IL, Attorneys for Appellants.

Andrew W. Hull , Alice M. Morical , Hoover Hull LLP, Indianapolis, IN, W. Gary Kohlman , Jeremiah A. Collins , John M. West , Douglas L. Greenfield , Abigail V. Carter , Daniel A. Zibel , Bredhoff & Kaiser, P.L.L.C., Washington, DC, Attorneys for Appellees.

OPINION

NAJAM, Judge.

STATEMENT OF THE CASE

Warren L. Williams and Robert Frankel are former employees of the Indiana State Teacher's Association ("ISTA"). As employees of the ISTA, they also acted as fiduciaries with the ISTA Insurance Trust ("the Trust"), an entity legally separate and distinct from the ISTA. Their employment agreements with the ISTA contained arbitration clauses. In July of 2009, the Trust, by its trustees ("the Trustees"),...

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