DISCLAIMER: Any unofficial case summaries below are prepared by the clerk's office
as a courtesy to the reader. They are not part of the opinion of the court.
161928P.pdf 10/12/2017 James Thole v. U.S. Bank, National Assn.
U.S. Court of Appeals Case No: 16-1928
U.S. District Court for the District of Minnesota - Minneapolis
[PUBLISHED] [Smith, Author, with Colloton and Kelly, Circuit Judges]
Civil case - ERISA. This court's opinion in Harley v. Minn. Mining & Mfg.
co. 284 F.3d 901 (8th Cir. 2002) holds that when a defined benefits plan
is overfunded, a participant in the plan no longer falls within the class
of plaintiffs authorized under Section 1132(a)(2) to bring suit claiming
liability under Section 1109 for alleged breaches of fiduciary duties, and
the district court did not err in dismissing the matter; under both
Section 1132(a)(2) and (a)(3) of the Act, plaintiffs must show actual
injury - to the plaintiffs' interest in the Plan and to the Plan itself -
to fall within the class of plaintiffs whom Congress has authorized to sue
under the statute; when the Plan is overfunded, there is no actual or
imminent injury to the Plan itself that caused injury to the plaintiffs'
interest, so dismissal of the claims for relief under Section 1132(a)(3)
was proper; no error in denying plaintiffs' request for attorneys' fees as
the suit did not act as a catalyst to bring about a voluntary change in
defendant's behavior. Judge Kelly, concurring in part and dissenting in
part