Abbott v. Lockheed Martin Corp.’s Empirical Analysis
725 F.3d 803 · 2013
Citation profile
4 federal appellate · 8 district ·
Appellate journey
Relationships
Applies 29 U.S.C. § 1104 (§ 404 of the Employee Retirement Income Security Act of 1974) · 29 U.S.C. § 1109 (§ 409 of the Employee Retirement Income Security Act of 1974) · 29 U.S.C. § 1132 (§ 502 of the Employee Retirement Income Security Act of 1974)
Relies on Lujan v. Defenders of Wildlife · Messner v. Northshore University HealthSystem · DeBruyne v. Equitable Life Assurance Society of the United States · McBurney v. Young · Kohen v. Pacific Investment Management Co.
Most-quoted passages
The sentences later courts lift from this opinion, ranked by how many decisions quote each — the parts of the opinion doing the work. These counts are smaller than the citation total above because most of the 27 citing decisions cite the case generally; a passage count includes only decisions quoting that exact language verbatim.
“In concluding that the reference to the Hueler Index prejudged the merits of the SVF claim, the district court appears to have assumed that accepting the class definition also required him to accept the conclusion that the SVF was mismanaged because it underperformed relative to the Hueler Index. Any such assumption would be mistaken. It misunderstands both the nature of the SVF claim and the relation between the class definition and the merits. Plaintiffs are not arguing that the SVF was imprudently managed in violation of ERISA because it did not match or outperform the Hueler Index; rather, Plaintiffs allege that the SVF was imprudently managed because its mix of investments was not structured to allow the fund to beat inflation and therefore that it could not serve as a prudent retirement investment for Lockheed employees. If Plaintiffs prevail on this theory, they may offer the Hueler Index as one basis for calculating damages. For now, however, the reference to the Hueler Index in the class definition in no way binds the district court to the use of the Hueler Index as the damages measure should Plaintiffs prevail. If the court concludes that a different measure be better, it is free to use one.”
1 later decision quote this exact passage · from the majoritye.g. Spano v. Boeing Co.“contracts with banks or insurance companies that guarantee the fund's principal and shield it from interest-rate volatility. Id. at 806 (citations omitted). The complaint did not identify what information was provided by the defendants to plan participants before they invested in the CVS stable value fund. Notably, the complaint did not allege that the plan documents specified how the fund's assets would be allocated. The complaint did, however, allege that the fund was part of a mix of investment options that the employer offered in”
1 later decision quote this exact passage · from the majority“Lockheed distorts plaintiffs’ SVF [stable value fund] claim when it characterizes their theúty as one in which the SVF was imprudently managed because it deviated from the mix of investments held by other funds bearing the”
1 later decision quote this exact passage · from the majority
How this case has been treated — in progress
Whether each later court followed, distinguished, criticized, or overruled this decision. The treatment classification (task #35) runs highest-cited cases first and lights up here as it reaches this one.