Alliance Coal, LLC v. Larry Smith and Dusty L. McCoy

CourtDistrict Court, E.D. Kentucky
DecidedFebruary 9, 2026
Docket0:26-cv-00010
StatusUnknown

This text of Alliance Coal, LLC v. Larry Smith and Dusty L. McCoy (Alliance Coal, LLC v. Larry Smith and Dusty L. McCoy) is published on Counsel Stack Legal Research, covering District Court, E.D. Kentucky primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Alliance Coal, LLC v. Larry Smith and Dusty L. McCoy, (E.D. Ky. 2026).

Opinion

UNITED STATES DISTRICT COURT EASTERN DISTRICT OF KENTUCKY NORTHERN DIVISION ASHLAND

ALLIANCE COAL, LLC, ) ) Plaintiff/Counterclaim Defendant, ) ) v. ) ) LARRY SMITH, ) No. 0:26-CV-10-REW-EBA ) Defendant/Counterclaim Plaintiff/ ) OPINION & ORDER Cross-Claim Defendant, ) ) and ) ) DUSTY L. McCOY, ) ) Defendant/Cross-Claim Plaintiff/ ) Counterclaim Defendant. )

*** *** *** *** There are two separate motions to dismiss in this interpleader case. First, Ms. McCoy moves to dismiss Mr. Smith’s counterclaims. See DE 18. Although none of the counterclaims name her directly, Ms. McCoy argues that her motion is proper because the counterclaims implicate her rights and go to the central issue of the action. See id. at 2–6. Second, Alliance Coal moves to dismiss Mr. Smith’s counterclaims. See DE 20. Alliance Coal asserts that Mr. Smith failed to adequately state a claim for breach of fiduciary duty in Counterclaim I, II, or III, see DE 20-1 at 8–13, and failed to adequately state a claim under ERISA § 502(a)(1)(B) in Counterclaim IV, see id. at 13–14. Both motions are fully briefed. The Court concludes that dismissal is warranted on account of Alliance Coal’s motion alone. Accordingly, the Court GRANTS DE 20, DENIES DE 18 as moot, and DISMISSES Mr. Smith’s counterclaims with prejudice. I. BACKGROUND In March 2025, Plaintiff/Counterclaim Defendant Alliance Coal, LLC (“Alliance Coal”) initiated the present action. See DE 1; DE 6. The operative complaint (DE 6) alleges that Constance Smith (“Ms. Smith”) was a long-time employee at Excel Mining, LLC (“Excel Mining”), a wholly owned subsidiary of Alliance Coal.1 See DE 6 ¶¶ 7–8, at 3. While working at

Excel Mining, Ms. Smith enrolled in a participant-directed 401(k) retirement plan governed by fixed terms, see DE 14-1, and the Employee Retirement Income Security Act (“ERISA”) of 1974, Pub. L. No. 93–406, 88 Stat. 829 (codified as amended at 29 U.S.C. § 1001 et seq.). See DE 6 ¶¶ 9–10, at 3. The retirement plan assets are held and managed by INTRUST Bank, N.A. (“INTRUST Bank”), an appointed trustee. See id. ¶ 11, at 3. However, the plan administrator nominates a committee to administer the plan. See DE 14-1 at 41. The trustee is solely responsible “for holding the assets of the plan,” see id., and although the trustee is unambiguously a fiduciary, the terms of the plan do not suggest that the trustee is the plan administrator’s agent in any capacity, see id. at 42 (“This [p]lan is intended to allocate to each named fiduciary the individual

responsibility for the prudent execution of the functions assigned to it, and none of such responsibilities . . . shall be shared by two or more of such named fiduciaries unless such sharing is provided for by a specific provision . . . .”). Because Ms. Smith was unmarried and without children, she filed a beneficiary designation form on December 6, 2007. See id. ¶¶ 12–13, at 3–4. Specifically, Ms. Smith identified Defendant/Cross-Claim Plaintiff/Counterclaim Defendant Dusty L. McCoy (“Ms. McCoy”) as the primary beneficiary of her retirement plan. See id. ¶ 13, at 3–4. Two years later, Ms. Smith

1 Larry Smith disputes this claim, asserting that Excel Mining is actually a wholly owned subsidiary of Alliance Resources Partners, L.P. See DE 12 ¶ 8, at 3. This disputed fact does not meaningfully alter the Court’s analysis. confirmed, or received confirmatory notice of, Ms. McCoy’s status as her primary beneficiary in a separate form. See id. Ms. McCoy—Ms. Smith’s second cousin—asserts that she and Ms. Smith had the functional equivalent of a mother-daughter relationship, with Ms. Smith raising her as her own child. See DE 14 ¶ 30, at 12. On December 10, 2024, Ms. Smith passed away. See DE 6

¶ 14, at 4. At the time of her death, Ms. Smith’s vested interest in the retirement plan was $965,616.86. See id. ¶ 15, at 4. Ms. McCoy was promptly mailed notice from INTRUST Bank informing her that she was entitled to the accrued benefits as Ms. Smith’s primary beneficiary. See id. ¶ 16, at 4. Enter Ms. Smith’s brother, Defendant/Counterclaim Plaintiff/Cross-Claim Defendant Larry Smith (“Mr. Smith”). Two weeks after INTRUST Bank mailed notice to Ms. McCoy, Mr. Smith contacted INTRUST Bank.2 See id. ¶ 17, at 4. In his communication, Mr. Smith included a beneficiary designation form dated February 21, 2024. See id. Mr. Smith alleges that his sister executed the form prior to her death, designating him as the sole beneficiary of the retirement plan. See DE 12 ¶ 7, at 9. However, Larry Smith claims that Constance failed to file

the form due to various misrepresentations that were made to her by INTRUST Bank representatives. See id. ¶ 9, at 9. Soon after receiving that 2025 communication, INTRUST Bank informed Ms. McCoy. See DE 6 ¶ 18, at 4. Ms. McCoy protested the validity of Mr. Smith’s form, see id. ¶ 19, at 4, and Alliance Coal has, for now, withheld payment of all benefits accrued under the retirement plan, see id. ¶ 20, at 5. Being without sufficient information to determine the validity of Ms. McCoy and Mr. Smith’s competing claims, and fearing multiple exposure, Alliance Coal filed the instant interpleader action. See id. ¶ 21, at 5. Alliance Coal makes no claim to the plan benefits. See id.

2 Technically, Mr. Smith’s daughter—Jill Smith—contacted INTRUST Bank. See DE 6 ¶ 17, at 4. However, she claims to have done so in a representative capacity. ¶ 21, at 5. Rather, it simply requests the Court to make a determination so as to avoid double liability. See id. ¶ 23, at 5. The parties do not dispute that the interpleader action is legitimate, and they do not dispute that the Court’s jurisdiction is proper. See generally DE 12; DE 14. After Alliance Coal served the operative complaint, Mr. Smith filed an answer including

two affirmative defenses, see DE 12 at 5–8, and a number of counterclaims, see id. at 8–15. Mr. Smith asserts that two INTRUST Bank representatives incorrectly informed his sister that she did not need to file an updated beneficiary designation form because she had not designated a beneficiary. See id. ¶ 7, at 9. Further, those same representatives allegedly told Ms. Smith that any plan benefits would pass to Mr. Smith through probate.3 See id. ¶¶ 8–10, at 9. Mr. Smith now brings the following counterclaims against Alliance Coal, INTRUST Bank, and Ms. McCoy: (1) breach of fiduciary duty under ERISA § 502(a)(2) and § 502(a)(3), see id. ¶¶ 11–15, at 9–10; (2) equitable estoppel under ERISA § 502(a)(3), see id. ¶¶ 16–21, at 10–12; (3) reformation of plan documents under ERISA § 502(a)(3), see id. ¶¶ 22–27, at 12–13; and (4) breach of plan requirements under ERISA § 502(a)(1)(B), see id. ¶¶ 28–33, at 13–14.

The first three counterclaims arise out of the INTRUST Bank representatives’ alleged factual misrepresentations and resulting breach of fiduciary duty, while the fourth counterclaim is premised on Alliance Coal’s failure to honor Ms. Smith’s “true intent” with respect to the distribution of her plan benefits. Although the pleading identifies Ms. McCoy and INTRUST Bank as counterclaim defendants in the caption, see id. at 1, Mr. Smith makes no allegations of

3 If true, that was doubly wrong. Ms. McCoy was designated by Constance Smith as the plan’s primary beneficiary, see DE 6 ¶ 13, at 3–4, and state probate laws do not govern ERISA plan distributions, see Kennedy v. Plan Adm’r for DuPont Sav. & Inv. Plan, 129 S. Ct. 865, 877 (2009) (noting that Congress intended for ERISA distributions to occur “simply by identifying the beneficiary specified by the plan documents” (quoting Egelhoff v. Egelhoff ex rel. Breiner, 121 S. Ct. 1322, 1328 (2001))). While the benefits of an ERISA-covered plan can conceivably pass through probate, that possibility depends on the specific language of the plan itself.

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Alliance Coal, LLC v. Larry Smith and Dusty L. McCoy, Counsel Stack Legal Research, https://law.counselstack.com/opinion/alliance-coal-llc-v-larry-smith-and-dusty-l-mccoy-kyed-2026.