In re Fidelity ERISA Float Litigation (formerly Kelley v. Fidelity Management and Trust Co.)

Case Highlights

Status of the Case:

  • Plaintiffs in the Kelley, Boudreau, Brown, and Columbia Air Service, Inc. sister float cases have filed a motion to consolidate under one case number.
  • Attorneys for Kelley and Boudreau have moved for status as interim class counsel. Attorneys for Columbia Air Services, Inc. have filed a competing motion.
  • On December 27, 2013, the Court granted the order seeking to consolidate all of the float cases. They are now known as In re Fidelity Erisa Float Ligitation and have been consolidated under the Kelley case number of 13-cv-10222. Plaintiffs have until February 7, 2014 to file a consolidated complaint an Fidelity has until March 7, 2014 to respond (Answer or file a Motion to Dismiss). All the counsel representing plaintiffs have been appointed as c0-lead counsel.

Issues:

  • Float

Posts:

Key Defendants:

  • Fidelity Management and Trust Co.
  • Fidelity Management and Research Co.
  • FMR LLC or Fidelity Investments

Significant Filings:

Commentary:

Background

Court(s):

  • District of Massachusetts
    • Case No. 13-10222

Judge(s):

  • District Judge Denise J. Casper
  • Magistrate Judge Jennifer C. Boal

Defendants:

  • Fidelity Management and Trust Co.
  • Fidelity Management and Research Co.
  • FMR LLC or Fidelity Investments

Attorneys – Plaintiffs:

  • Agrawal Evans, LLP
  • Bailey & Glasser, LLP
  • Burke Harvey & Frankowski, LLC
  • Fishman Haygood Phelps Walmsley Willis & Swanson, LLP
  • Levin Papantonio Thomas Mitchell Rafferty & Proctor, PA
  • Schneider Wallace Cottrell Konecky, LLP

Attorneys – Defendants:

  • Goodwin Procter, LLP
  • O’Melveny & Myers, LLP

 

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