Nadiak v. Civil Aeronautics Board

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that the defendant is in the best position to prove and should bear the burden of establishing its entitlement to an exemption under 29 U.S.C. §1108 from 29 U.S.C. §1106(b), ERISA's prohibited transactions provision
• recognizing basis for recovery against non-fiduciaries under both trust law and section 502(a)(3)’s remedial provisions
• holding individuals responsible for fiduciary's ERISA violations on evidence of \extensive intermixing of assets . . . among the corporations and individual defendants\
• allowing veil piercing because subsidiary's capital was \wholly inadequate\ and owners looted subsidiary
• allowing veil piercing because subsidiary’s capital was “wholly inadequate” and owners looted subsidiary
• in suit brought by trustees of benefit plan, related corporation and shareholders could not \use shell-game-like maneuvers to shift fiduciary obligations to one legal entity while channeling profits from self-dealing to a separate legal entity under their control.\

Source: CourtListener parenthetical corpus (CC0).