Hudson v. General Dynamics Corp. (118 F. Supp. 2d 226, 2000)

MEMORANDUM OF DECISION

ARTERTON, District Judge.

TABLE OF CONTENTS

I. Introduction. 229

II. Findings of Fact. 230

A. The Parties . 230

B. Labor Relations at EB. 231

C. Development of the Golden Handshake . 233

D. MTC Contract Negotiations. 236

E. Extending the Golden Handshake to Other Groups. 239

F. Inquiries to Benefits Counselors at EB . 240

III. Conclusions of Law. 242

Fiduciary Capacity. 242 ¡>

Scope of Fiduciary Duties. 243 td

Fiduciary Duties under Ballone, Becker, and Mullins. 247 o

1) Failure to Disclose. 247

2) Materiality of Misrepresentations. 249

a) Principles of Serious Consideration . to ^ CD

b) Serious Consideration of Plan Changes for Various Employee Groups . DO OX tO

D.Individual Plaintiffs.■.!. to OX CR

1) “Phase One” Plaintiffs. LQ lO