Carlisle v. The Board of Trustees of the American Federation of the New York State Teamsters Conference Pension and Retirement Fund

District Court, N.D. New York·Decided November 30, 2022·No. 8:21-cv-00455·Unknown

Opinion

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF NEW YORK

ROBERT CARLISLE, individually and as a representative of a class of similarly situated persons, on behalf of the NEW YORK STATE TEAMSTERS 8:21-cv-00455 (BKS/DJS) CONFERENCE PENSION AND RETIREMENT FUND,

Plaintiff,

v.

THE BOARD OF TRUSTEES OF THE AMERICAN FEDERATION OF THE NEW YORK STATE TEAMSTERS CONFERENCE PENSION AND RETIREMENT FUND; JOHN BULGARO; BRIAN K. HAMMOND; PAUL A. MARKWITZ; GEORGE F. HARRIGAN; MARK D. MAY; MICHAEL S. SCALZO, SR.; ROBERT SCHAEFFER; MARK GLADFELTER; SAMUEL D. PILGER; DANIEL W. SCHMIDT; TOM J. VENTURA; MEKETA INVESTMENT GROUP, INC.; and HORIZON ACTUARIAL SERVICES, LLC,

Defendants.

Appearances: For Plaintiff: Steven A. Schwartz Chimicles Schwartz Kriner & Donaldson-Smith LLP 361 West Lancaster Avenue Haverford, Pennsylvania 19041

Robert J. Kriner, Jr. Chimicles Schwartz Kriner & Donaldson-Smith LLP 2711 Centerville Road, Suite 201 Wilmington, Delaware 19808

Leslie A. Blau Blau & Malmfeldt 566 West Adams Street, Suite 600 Chicago, Illinois 60661 For Defendants: The Board of Trustees of the American Federation of the New York State Teamsters Conference Pension and Retirement Fund; John Bulgaro; Brian K. Hammond; Paul A. Markwitz; George F. Harrigan; Mark D. May; Michael S. Scalzo, Sr.; Robert Schaeffer; Mark Gladfelter; Samuel D. Pilger; Daniel W. Schmidt; and Tom J. Ventura: Brian T. Ortelere Sara E. DeStefano Morgan, Lewis & Bockius LLP 101 Park Avenue New York, New York 10178

For Defendant Meketa Investment Group, Inc.: Diana K. Lloyd Samuel N. Rudman Preston F. Bruno Choate, Hall & Stewart Two International Place Boston, Massachusetts 02110

Eric G. Serron Steptoe & Johnson LLP 1330 Connecticut Avenue, NW Washington, D.C. 20036

For Defendant Horizon Actuarial Services, LLC: Edward J. Meehan Stephen M. Saxon Samuel I. Levin Kalena R. Kettering Groom Law Group, Chartered 1701 Pennsylvania Avenue, N.W. Washington, D.C. 20006 Hon. Brenda K. Sannes, Chief United States District Judge: BRIEFING ORDER Plaintiff Robert Carlisle, brings this proposed class action individually and as a representative of a class of similarly situated persons, on behalf of the New York State Teamsters Conference Pension and Retirement Fund, under the Employment Retirement Income Security Act of 1974 (“ERISA”), 29 U.S.C. § 1001 et seq., alleging (1) breach of fiduciary duty in

violation of ERISA §§ 404(a)(1)(A)–(D), 29 U.S.C. §§ 1104(a)(1)(A)–(D); and (2) breach of the fiduciary duty of prudence, in violation of ERISA §§ 405(a)(1) and (2), 29 U.S.C. §§ 1105(a)(1) and (2). (See generally Dkt. No. 1).1 In a letter dated November 23, 2022, the Fund Defendants notified the Court that the New York State Teamsters Conference Pension and Retirement Fund’s (“the Fund”) application for Special Financial Assistance (“SFA”) was approved by the Pension Benefit Guaranty Corporation (“PBGC”) pursuant to the American Rescue Plan Act on November 18, 2022. (Dkt. No. 176, at 1). The Fund Defendants state in their letter that the PBGC has informed them that the Fund “will receive a payment of more than $900 million on December 8, 2022,” enabling the Fund to “restore benefits—prospectively and retroactively—for

participants, including Plaintiff, for whom the Fund previously reduced benefits under the Multiemployer Plan Reform Act (‘MPRA’).” (Id.). The Fund Defendants argue that once the retroactive benefit restoration is complete, Plaintiff will no longer have a concrete stake in this action, rendering this action moot, and creating an impediment to any Article III standing. (Id. at 2). The Fund Defendants request a briefing schedule to submit a “supplemental motion to dismiss pursuant to Federal Rule of Civil Procedure 12(b)(1) and address the newly arisen, additional reasons why Plaintiff lacks Article III standing.” (Id.). The Fund Defendants anticipate

1 Plaintiff seeks to represent the following class: “All participants and beneficiaries of the New York State Teamsters Conference Pension and Retirement Fund through the date of judgment.” (Dkt. No. 1, ¶ 118). also discussing “Plaintiff’s arguments regarding the collateral source rule and interest on reduced benefits” in their supplemental motion. (Id.). In a letter dated November 28, 2023, Plaintiff responded that he would not oppose supplemental briefing to the extent the Court believes it would be helpful, but proposed limiting

the issues as follows: Briefing should be limited to two issues: (1) Plaintiff’s argument that he and all other Plan participants have Article III standing regardless of the government’s forthcoming provision of Special Financial Assistance based on the collateral source rule, and (2) Plaintiff’s argument that, in any event, Plaintiff and all other Plan participants have Article III standing because they will at most receive payments equal to the amount of the reduction in their vested pension benefit payments from 2017 through March 2023 without any payment for interest or lost investment returns.

(Dkt. No. 177, at 2). In addition, Plaintiff submits that, in order to enable “a precise calculation of the interest damages suffered by Plaintiff and other Plan participants,” “the Trustee Defendants should produce a spreadsheet that sets forth, on a monthly basis, the aggregate amount of vested pension benefits that were not paid from the date in 2017 when the Trustee Defendants first cut Plan participants’ vested pension benefits through March 1, 2023.” (Id.). Finally, in his letter, Plaintiff renews his request for “limited discovery . . . to include the production by the Defendants of applicable insurance policies and any documents that Defendant produced to the United States Department of Labor pursuant to an investigation initiated by the DOL regarding issues and claims common to those asserted in Plaintiff’s Complaint.” (Id.). While any supplemental motion to dismiss should address the issues Plaintiff outlined above, the Court declines to limit the briefing to those issues. The Court also declines to order the discovery Plaintiff seeks at this juncture. However, a spreadsheet or detailed information regarding the payment to the Plan and the amount of benefits repaid with reference to the applicable time period may be helpful to the Court in considering the additional briefing. See Krajisnik Soccer Club, Inc. v. Krajisnik Football Club, Inc., No. 20-cv-1140, 2021 WL 2142924, at *2, 2021 U.S. Dist. LEXIS 99456, at *5 (N.D.N.Y. May 26, 2021) (explaining that in deciding Rule 12(b)(1) motion to dismiss for lack of subject matter jurisdiction, the Court may “refer to

evidence outside the pleadings” and “take judicial notice of documents in the public record, including state court filings”) (citations omitted). Therefore, Defendants’ request for supplemental motion practice is granted and the parties are directed to address the issues outlined in their letter briefs.2 In addition, while the issue of Article III standing remains before the Court, (see Dkt. No. 124-1, at 16–20; Dkt. No. 140, at 21–38), and the Court will address it in due course, because “the standing doctrine evaluates a litigant’s personal stake at the onset of a case,” and the PBGC’s November 18, 2022, approval of the Fund’s application for SFA arose well after the onset of this case, the parties must also address whether the $900 million payment implicates mootness, not standing, and frame their analysis accordingly. See Connecticut Citizens Def. League, Inc. v.

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Carlisle v. The Board of Trustees of the American Federation of the New York State Teamsters Conference Pension and Retirement Fund, (N.D.N.Y. 2022).

Carlisle v. The Board of Trustees of the American Federation of the New York State Teamsters Conference Pension and Retirement Fund (Carlisle v. The Board of Trustees of the American Federation of the New York State Teamsters Conference Pension and Retirement Fund) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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