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In Re: Advanta Corp. Erisa Litigation v. Advanta Corp.

IN THE UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF PENNSYLVANIA


September 30, 2011

IN RE: ADVANTA CORP. ERISA LITIGATION MATTHEW A. RAGAN, ET AL.
v.
ADVANTA CORP., ET AL.

The opinion of the court was delivered by: Cynthia M. Rufe, J.

ORDER

AND NOW, this 30th day of September 2011, upon consideration of Defendants' Motion to Dismiss and the responses and replies thereto, it is hereby ORDERED that the Motion is GRANTED IN PART AND DENIED IN PART as follows:

1. The Motion is GRANTED as to all Defendants with regard to the claims in Count I based on a failure to disclose;

2. The Motion is GRANTED as to the Director Defendants with regard to all claims based on the Savings Plan; and

3. In all other respects, the Motion is DENIED.

It is further ORDERED that Plaintiffs may file an amended complaint within 20 days. It is so ORDERED.

BY THE COURT:

Cynthia M. Rufe

20110930

© 1992-2011 VersusLaw Inc.



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