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Kopp v. Klein

United States Court of Appeals, Fifth Circuit

August 7, 2014

RANDY KOPP, Individually and on Behalf of All Others Similarly Situated, Plaintiff-Appellant
v.
SCOTT W. KLEIN; DONALD B. REED; STEPHEN L. ROBERTSON; THOMAS S. ROGERS; PAUL E. WEAVER; JOHN J. MUELLER; JERRY V. ELLIOT; SAMUEL D. JONES; KATHERINE J. HARLESS; THE EMPLOYEE BENEFITS COMMITTEE; GEORGIA SCAIFE; JOHN DOES 1-20; WILLIAM GIST; STEVEN GABERICH; CLIFFORD WILSON; BILLY MUNDY; ANDREW COTICCHIO; THE HUMAN RESOURCES COMMITTEE; FRANK P. GATTO, Defendants-Appellees

Appeal from the United States District Court for the Northern District of Texas.

For RANDY KOPP, Individually and on Behalf of All Others Similarly Situated, Plaintiff - Appellant: Thomas James McKenna, Esq., Gainey McKenna & Egleston, New York, NY; Roger F. Claxton, Law Office of Roger F. Claxton, Dallas, TX.

For Scott W. Klein, Donald B. Reed, Stephen L. Robertson, Thomas S. Rogers, Paul E. Weaver, John J. Mueller, Jerry v. Elliot, Samuel D. Jones, Katherine J. Harless, Employee Benefits Committee, Georgia Scaife, John Does 1-20, William Gist, Steven Gaberich, Clifford Wilson, Billy Mundy, Andrew Coticchio, Human Resources Committee, Frank P. Gatto, Defendants - Appellees: Jay P. Lefkowitz, David Scott Flugman, Esq., Attorney, Andrew George Horne, Eric Foster Leon, Esq., Kirkland & Ellis, L.L.P., New York, NY; James Philip Gillespie, Esq., Attorney, Christopher Landau, Kirkland & Ellis, L.L.P., Washington, DC; Dee J. Kelly Jr., Marcus Gerardo Mungioli, Kelly, Hart & Hallman, L.L.P., Fort Worth, TX.

For American Association of Retired Persons, Amicus Curiae: Mary Ellen E. Signorille, Senior Attorney, American Association of Retired Persons, Washington, DC.

For Secretary of Labor, Amicus Curiae: Sara Lynn Johnson, U.S. Department of Labor, Office of the Solicitor, Arlington, VA.

Before JOLLY, GARZA, and OWEN, Circuit Judges.

OPINION

ON REMAND FROM THE SUPREME COURT OF THE UNITED STATES

PER CURIAM:

Randy Kopp, an employee of Idearc, Inc., and a participant in the Idearc Management Plan (" the Plan" ), brought this Employee Retirement Security Act (" ERISA" ) action on behalf of all current and former participants in the Plan for whose individual accounts the Plan purchased or held shares of the Idearc Stock Fund from November 21, 2006 through March 31, 2009. The district court dismissed Kopp's complaint under Rule 12(b)(6). Fulmer v. Klein, No. 3:09-CV-2354-N, 2012 WL 7634148 (N.D. Tex. Mar. 15, 2012). In an earlier opinion, we affirmed. Kopp v. Klein, 722 F.3d 327 (5th Cir. 2013). The Supreme Court granted a writ of certiorari, vacated our judgment, and remanded the case " for further consideration in light of Fifth Third Bancorp v. Dudenhoeffer, 573 U.S. __, 134 S.Ct. 2459, 189 L.Ed.2d 457 (2014)."

We VACATE the judgment of the Northern District of Texas, and REMAND for proceedings consistent with the Supreme Court's opinion.[1]


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