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Text of Federal District Court Opinion of Summary Judgment for Directed Trustee of United's ESOP (PDF)
U.S. District Court for the Northern District of Illinois 
Oct. 13, 2005 16 pages; Oct. 12, 2005. Excerpt: We agree with the court's reasoning in In Re WorldCom, Inc. that 'a directed trustee's knowledge that a company's stock price and profits were declining and that the company was undergoing a restructuring' is not sufficient to find a breach of a fiduciary duty where the trustee continued to invest plan funds in the company's stock as directed. MORE >> |
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