District Court, E.D. New York January 17, 1986, CV 81-3408, CV 81-3530 (Ford v. Bierwirth)

Memorandum of Decision and Order

MISHLER, District Judge.

The Second Circuit Court of Appeals, in remanding the case to determine what the Grumman Corporation Pension Plan (“Plan”) would have earned had the monies that were used to purchase the Grumman stock been invested with other plan assets, held:

In view of the intent expressed by Congress in providing for the recovery of “losses,” ...