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Pension Trust Fund v. McMorgan Co.

United States District Court, E.D. California
Jan 23, 2007
NO. CIV. S-06-904 WBS JFM, NO. CIV. S-06-905 WBS JFM, NO. CIV. S-06-907 WBS JFM (E.D. Cal. Jan. 23, 2007)

Opinion

NO. CIV. S-06-904 WBS JFM, NO. CIV. S-06-905 WBS JFM, NO. CIV. S-06-907 WBS JFM.

January 23, 2007


ORDER RE: MOTIONS TO DISMISS, MOTIONS TO STRIKE, MOTION FOR A MORE DEFINITE STATEMENT


Currently before the court are four motions to dismiss brought by three sets of defendants in each of three related cases and a fourth defendant in one of the cases. All of these complaints share allegations that an investment company and retained counsel mismanaged the investments of a trust fund organized to provide pension benefits to members of a labor union. Accordingly, all of the motions in each of these three cases are addressed herein.

I. Factual and Procedural Background

Plaintiff Pension Trust Fund for Operating Engineers Local 3 ("Pension Trust Fund") is a trust fund organized to provide pension benefits to members of a labor union. (06-904 FAC ¶ 1.) A board of trustees runs the fund, and this board is also a plaintiff in this action. (Id.) The remaining plaintiffs are trustees and fiduciaries who sit on the board. (Id. ¶ 2.)

Defendant McMorgan and Company, L.L.C., agreed to serve as the asset manager for Pension Trust Fund on or about September 1, 1995. (Id. ¶¶ 3, 12.) Defendant David Howard ("Howard") is and was at all relevant times an employee of McMorgan and Company, L.L.C. (Id. ¶ 10.) The duties of the McMorgan defendants include supervising the investment of all assets of the fund that the board of trustees requested it to manage, selecting brokers and placing brokerage orders "[i]n its sole discretion and authority," complying with the standards of fiduciary responsibility required by ERISA, and providing support services necessary to manage the account. (Id. ¶ 13.) Additionally, the Investment Management Agreement expressly provided that defendant McMorgan was an ERISA fiduciary to the Pension Trust Fund. (Id. ¶ 14.)

Defendants McMorgan Company, L.L.C. and David Howard, an employee of McMorgan Company, L.L.C., will collectively be referred to as "the McMorgan defendants" unless otherwise noted.

Defendant Liffey, L.L.C. ("Liffey"), assumed the obligations and liabilities of McMorgan and Company, L.L.C., prior to September 28, 2001, pursuant to a merger between the two entities. Plaintiff refers to Liffey and McMorgan and Company, L.L.C., collectively as McMorgan. (06-907 FAC ¶ 3.) Liffey is a defendant only in Case No. 06-907.

The court takes judicial notice of Liffey's evidence attached to the Declaration of Gabriel Z. Reynoso (06-907 Docket No. 87), including public documents related to the merger between Liffey and McMorgan Co. See Greeson v. Imperial Irr. Dist., 59 F.2d 529, 531 (9th Cir. 1932) (explaining that "[j]udicial knowledge is taken of all matters generally known" and further noting that "the court is bound to take notice of public facts"). "Ordinarily, when matters outside the pleadings are introduced on a Rule 12(b)(6) motion, and these matters are not excluded by the court, the motion is to be treated as one for summary judgment and disposed of as provided in Rule 56. However, under Rule 201 of the Federal Rules of Evidence, a district court may take judicial notice of 'matters of public record' outside the pleadings without converting a motion to dismiss into a motion for summary judgment." Mann v. GTCR Golder Rauner, L.L.C., No. 02-2099, 2006 WL 2473988, at *4 (D. Ariz. 2006) (citing MGIC Indem. Corp. v. Weisman, 803 F.2d 500, 504 (9th Cir. 1986)) (other citations omitted). Plaintiffs do not oppose this request.
Parties have submitted numerous requests for judicial notice. The Court will adjudge these requests by the standard indicated in the preceding paragraph. The court will note whether it takes judicial notice throughout this order only when such documents are necessary for the disposition of these motions.
The court properly reviews the Asset Purchase Agreement between McMorgan Acquisition Company, L.L.C., and McMorgan and Company, L.L.C. Branch v. Tunnel, 14 F.3d 449, 454 (9th Cir. 1994),overruled on other grounds, Galbraith v. County of Santa Clara, 307 F.3d 1119 (9th Cir. 2002) (Courts may properly review "documents whose contents are alleged in the complaint and whose authenticity no party questions, but which are not physically attached to the plaintiff's pleading.").

In the court's previous order of September 24, 2006, the court declined to consider Liffey's joinder in McMorgan defendants' motion, (September 24, 2006 Order 10, n. 7), because Liffey served its joinder in the motion only two days prior to the time the opposition was due, and plaintiffs did not have sufficient notice to include arguments against Liffey in their opposition. Further, Liffey failed to argue their motion or explain in their moving papers their status as an ERISA fiduciary. However, all of those problems have been cured for purposes of the present motion.

The Pension Trust Fund also retained defendant Weinberg, Roger Rosenfeld, L.L.C., to perform "routine and recurrent legal services the Fund has required and will continue to require in the future." (06-904 FAC ¶ 23.) These services included attending all board and committee meetings; reviewing, interpreting, and advising Pension Trust Fund about laws and regulations that would affect the trust; and reviewing and advising Pension Trust Fund regarding investment issues in collaboration with parties including the investment manager. (Id.) Defendant Stanton, Kay Watson, L.L.P., signed an almost identical retainer agreement with Pension Trust Fund. (Id. ¶¶ 24, 25.)

Defendant Barry Hinkle is and was an attorney and partner in the law firm of Weinberg, Roger Rosenfeld. (06-904 Compl. ¶¶ 7-8.) The court will refer to these defendants collectively as the "Weinberg defendants."

Defendant Edward Mevi is and was an attorney and partner in the law firm of Stanton, Kay Watson, L.L.P.; defendant James Watson is and was an employee and/or agent of the same law firm. (06-904 Compl. ¶¶ 9, 11.) The court will refer to these defendants as the "Stanton defendants."

Each of the three related cases here — 06-904, 06-905, and 06-907 (Apr. 28, 2006 Notice of Related Cases) — involves the same four causes of action, but 06-907 contains an additional cause of action for fraud. More significantly, each case references a slightly different set of underlying facts. Briefly, Case No. 06-904 refers to the sale of different investment properties for less than fair market value, Case No. 06-905 relates to attorney/fiduciary malpractice for the failure to attend a foreclosure sale, and Case No. 06-907 concerns allegations of overbilling for costs and fees by retained attorneys.

A. Factual Allegations Underlying Case No. 06-904

Beginning in the late 1960s, the Pension Trust Fund invested its assets in several properties. In approximately 1968, the Pension Trust Fund purchased about 3,590 acres of real estate located in Rancho Murieta, California. (Id. ¶ 27.) The relevant parts of this property were: Unit 5 (split into Parcels A and B), and a "Hotel site" comprising 20.2 acres. (Id. ¶ 30.) The Hotel site was first sold to Jack Anderson in 1987 for approximately $123,762.00 per acre. (Id.) However, Anderson defaulted on the payments in approximately 1993 and the property reverted back to the Pension Trust Fund. (Id.) In 2002, the Pension Trust Fund sold the Hotel site and an additional 10.1 acres at a purchase price of approximately $72,528 per acre (about half of the price the property was sold for in 1987). (Id. ¶ 31.) Escrow was extended over the next few years, but the purchase price remained the same. (Id. ¶ 32.)

In 2002, defendant McMorgan entered into several contracts on behalf of the Pension Trust Fund to sell approximately 59.7 acres of Parcel A and approximately 86.17 acres of Parcel B of the Rancho Murieta property. (Id. ¶¶ 35, 37.) For the sale of Parcel A, the purchase price of the land was $51,402.00 per acre. (Id. ¶ 35.) For the sale of Parcel B, the price was set at $35,653.00 per acre. (Id. ¶ 37.) Although the real estate market appreciated between 2002 and 2004, defendant McMorgan allowed numerous extensions of the contracts, and eventually sold parcels A and B in 2004 for the price originally agreed upon, despite the properties' subsequent increase in value. (Id. ¶¶ 36, 38.) Defendant McMorgan allegedly mismanaged the real estate properties belonging to the Pension Trust Fund and caused it to incur significant losses. (Id. ¶ 40.) Additionally, the Stanton defendants and the Weinberg defendants undertook the duty to oversee and participate in the land sales and other real estate transactions by providing legal counsel and advice. (Id. ¶ 42.) Plaintiffs allege that they did not discover the mismanagement of the Pension Trust Fund's assets by all of these defendants before August of 2005. (Id. ¶ 44.)

B. Factual Allegations Underlying Case No. 06-905

After the Pension Trust Fund sold some of the Rancho Murieta property to Jack Anderson, Anderson sold two parcels to Winncrest Homes, Inc. ("Winncrest"). (06-905 FAC ¶¶ 25, 27, 28.) By 1993, Anderson and Winncrest had defaulted on making their payments, and the Pension Trust Fund initiated judicial foreclosure proceedings against them on the advice of McMorgan and Company. (Id. ¶¶ 29, 30.) Judgment on the foreclosure was entered in 2000 and affirmed on appeal in 2003. (Id. ¶ 32.) The Pension Trust Fund subsequently became the judgment creditor in the amount of $17,000,000.00 against Winncrest (the judgment debtor). (Id.)

Pension Trust Fund petitioned for a writ of sale of the property to execute the judgment, and such a writ was issued. (Id. ¶ 32.) Individuals from defendant McMorgan and Company and agents of the Stanton defendants (who, in turn, were acting as agents for the Weinberg defendants) were to attend the February 24, 2004, sale to bid on the property on behalf of Pension Trust Fund. (Id. ¶ 34-35.) Although the sale was noticed, defendant Mevi (of the Stanton defendants) received a personal phone call regarding the sale, and defendants Mevi and Howard planned to attend the sale, both of these defendants arrived late to the sale, after the property had been sold for $2,000.00. (Id. ¶¶ 35-42.) Significantly, however, the property was appraised for a value of between $12,000,000.00 and $14,000,000.00. (Id. ¶ 42.) Pension Trust Fund filed suit to have the foreclosure set aside, but the suit was not successful. (Id. ¶¶ 45, 48.)

C. Factual Allegations Underlying Case No. 06-907

In the context of the judicial foreclosure proceedings against Anderson and Winncrest, defendant McMorgan allegedly had the obligation and duty to protect Pension Trust Fund's assets from unethical or incompetent provision of services by these providers, such as attorneys, to monitor the service providers more generally, and to monitor the payment of bills and invoices. (06-907 FAC ¶¶ 63, 70, 78.) The Weinberg defendants and the Stanton defendants were retained by the Pension Trust Fund to represent them in these proceedings. (Id. ¶¶ 34, 35, 39.) Pursuant to the successful judicial foreclosure action, Pension Trust Fund paid its attorneys what it now contends was an exorbitant amount for attorneys' fees, including improper costs for office furniture and equipment. (Id. ¶¶ 34-47.) As evidence that the amounts paid were excessive and unreasonable, plaintiff notes that the court deciding the foreclosure proceedings, in the context of an attorneys' fees motion, halved the attorneys' fees requested by its attorneys (and previously billed to plaintiff), denying the law firms more than $7,000,000.00 that they had requested. (Id. ¶ 39.)

D. Legal Claims

Based upon these underlying facts, each of the three complaints alleges the following causes of action against substantially all defendants: (1) professional negligence; (2) breach of contract; (3) breach of fiduciary duty; and (4) violations of the Employee Retirement Income Security Act of 1974 ("ERISA"), 29 U.S.C. §§ 1105, 1109, and 1132(a)(2) (3). Case No. 06-907 additionally contains a cause of action for fraud against the Stanton and Weinberg defendants.

E. Previous Order

In a previous hearing, the McMorgan defendants, the Weinberg defendants, and the Stanton defendants brought different challenges to the complaints in these cases. The court issued a written order on September 24, 2006.

The court denied the Weinberg defendants' and the Stanton defendants' motions to strike requests for attorneys' fees and improper damages and the Stanton defendants' motions for a more definite statement. With regard to the McMorgan defendants, the court dismissed without prejudice the first, second, and third causes of action in all three cases. The court also dismissed without prejudice all claims against the Weinberg defendants in all three cases. With regard to the Stanton defendants, the court dismissed without prejudice all claims in Case No. 06-904. The court dismissed without prejudice the fourth cause action as against the Stanton defendants in Case No. 06-905 and the fourth and fifth causes of action as against the Stanton defendants in Case No. 06-907. Plaintiffs were given 30 days to file an amended complaint. The court's rationale for its previous order will be discussed at some length throughout this order, as the instant action implicates many of the same issues.

F. Pending Motions

The McMorgan defendants move to dismiss claims one through three, as against them in Case No. 06-907, arguing that these causes of action are state law claims that are preempted by ERISA. In the alternative, the McMorgan defendants move to dismiss the state law claims against Howard and all claims against McMorgan and Company for time periods prior to September 28, 2001. As for Case Nos. 06-904 and 06-905, plaintiffs' first amended complaint alleged these claims only against Howard. Howard moves to dismiss these state law claims against him. Plaintiffs filed a statement of non-opposition to Howard's request in 06-904 and 06-905. Therefore, the court will dismiss the state law claims against Howard with prejudice in those cases only. The court will consider the motion of the McMorgan defendants (including Howard) in Case No. 06-907 on the merits.

Liffey, which is only a defendant in Case No. 06-907, moves to dismiss claims one through three arguing that these causes of action are state law claims that are preempted by ERISA.

The Weinberg defendants, with regard to Case Nos. 06-904 and 06-905, move to dismiss claims one through three as barred by the statute of limitations and claim four as improperly brought against defendants not subject to the fiduciary duties imposed by ERISA. With regard to Case No. 06-907, the Weinberg defendants move to dismiss claims one through four for the same reasons and to strike plaintiffs' request for punitive damages in the event claim one and three are not dismissed. Further, the Weinberg defendants move to dismiss claim five for failure to plead fraud with particularity and to strike all allegations of fraud prior to March, 2003, as barred by the statute of limitations, in the event claim five is not dismissed.

The Stanton defendants move to dismiss claims one through three in Case No. 06-907 only as barred by the statute of limitations. The Stanton defendants move to dismiss claims one through three in 06-905 as not ripe for adjudication by this court. The Stanton defendants move to dismiss the fourth cause of action in all three cases for failure to state a claim under ERISA or alternatively move for a more definite statement of the claim. With regard to Case No. 06-907, the Stanton defendants move to strike plaintiffs' request for punitive damages in claims one and three. Finally, the Stanton defendants move to dismiss the fifth cause of action in case no. 06-907 for failure to plead fraud with particularity.

The Stanton defendants signed tolling agreements with plaintiff Pension Trust Fund regarding the claims in cases 06-905 and 06-907, and therefore do not make this argument in those cases.

II. Discussion

A. Stanton and Weinberg Defendants' Motions to Strike

The Weinberg defendants join in this motion. However, court will dismiss with prejudice the underlying claims, as against the Weinberg defendants, as time-barred.

The Stanton and Weinberg defendants move to strike plaintiffs' claims for punitive damages in the first and third causes of action with respect to Case No. 06-907. Federal Rule of Civil Procedure 12(f) provides that "redundant, immaterial, impertinent, or scandalous matters" may be "stricken from any pleading." Such motions are designed "to avoid the expenditure of time and money that must arise from litigating spurious issues by dispensing with those issues prior to trial. . . ."Sidney-Vinstein v. A.H. Robins Co., 697 F.2d 880, 885 (9th Cir. 1983). However, "[m]otions to strike are generally disfavored."Abney v. Alameida, 334 F. Supp. 2d 1221, 1234 (S.D. Cal. 2004);Bureerong v. Uvawas, 922 F. Supp. 1450, 1478 (C.D. Cal. 1996) ("Rule 12(f) motions are generally 'disfavored' because they are 'often used as delaying tactics, and because of the limited importance of pleadings in federal practice.'" (quoting William W. Schwarzer et al., California Practice Guide: Federal Civil Procedure Before Trial § 9:375)). "If there is any doubt as to whether the allegations might be an issue in the action, [the] court [should] deny the motion." In re 2TheMart.com, Inc. Sec. Litig., 114 F. Supp. 2d 955, 965 (C.D. Cal. 2000) (citingFantasy, Inc. v. Fogerty, 984 F.2d 1524, 1527 (9th Cir. 1993)rev'd on other grounds, 510 U.S. 517, 534-35 (1994)).

The Stanton defendants argue that plaintiffs' action is a run-of-the-mill negligence case and as such plaintiffs are not entitled to punitive damages. (06-907 Stanton Defs.' Mot. to Strike 11-12.) The Stanton defendants cite Jackson v. Jackson, which held that mere negligence will not support an award of punitive damages. 5 Cal. App. 1350 (1992). However, the Jackson court in fact held that because the pleadings at the time of trial did not allege fraudulent, malicious, or oppressive conduct or include a prayer for punitive damages, punitive damages could not be awarded. Id. at 1354. Plaintiffs specifically include in their prayer for relief punitive damages and allege that conduct by the Stanton defendants was done "knowingly and maliciously" and was "malicious" and "reckless." (06-907 FAC ¶¶ 58-60, 74-75.) Indeed, "in an action for the breach of an obligation . . ., where it is proven by clear and convincing evidence that the defendant has been guilty of oppression, fraud, or malice, the plaintiff, in addition to the actual damages, may recover damages for the sake of example and by way of punishing the defendant." Cal. Civ. Code § 3294. Plaintiffs have sufficiently alleged a claim for punitive damages. Accordingly, the Stanton defendants' motion to strike plaintiffs' prayer for punitive damages will be denied.

B. Motions to Dismiss

At the pleading stage, the plaintiff need only set forth "a short and plain statement of the claim showing that the pleader is entitled to relief." Fed.R.Civ.P. 8(a)(2); Leatherman v. Tarrant County Narcotics Intelligence Coordination Unit, 507 U.S. 163, 168 (1993). A complaint need only "give the defendant fair notice of what the plaintiff's claim is and the grounds upon which it rests." Conley v. Gibson, 355 U.S. 41, 47 (1957). Consequently, on a motion to dismiss pursuant to Federal Rules of Civil Procedure 12(b)(6), the court accepts the allegations in the complaint as true and draws all reasonable inferences in favor of the pleader. Scheuer v. Rhodes, 416 U.S. 232, 236 (1974); Cruz v. Beto, 405 U.S. 319, 322 (1972).

Additionally, under Rule 8 of the Federal Rules of Civil Procedure, "[a] party may set forth two or more statements of a claim or defense alternatively or hypothetically." Rule 8 does not require that claims pled in the alternative be consistent with each other. Moreover, the Ninth Circuit has explained that, because of the liberality of Rule 8 pleading standards, "a pleading should not be construed as an admission against another alternative or inconsistent pleading in the same case." McCalden v. Cal. Library Ass'n, 955 F.2d 1214, 1219 (9th Cir. 1990) (citation omitted).

The Ninth Circuit instructs that "a district court should grant leave to amend even if no request to amend the pleading was made, unless it determines that the pleading could not possibly be cured by the allegation of other facts." Nunes v. Ashcroft, 375 F.3d 805, 808 (9th Cir. 2003) (quoting Doe v. U.S., 58 F.3d 494, 497 (9th Cir. 1995)). However, "in assessing the propriety of a motion for leave to amend, [courts may] consider five factors: (1) bad faith; (2) undue delay; (3) prejudice to the opposing party; (4) futility of amendment; and (5) whether the plaintiff has previously amended his complaint."Id. (quoting Bonin v. Calderon, 59 F.3d 815, 845 (9th Cir. 1995)). Where plaintiff has been given an opportunity to amend his complaint and fails to cure its original defects, courts may dismiss without leave to amend. Nicholson v. Maricopa County Sheriff's Office, No. 06-470, slip op. at *1 (D. Ariz. July 26, 2006) ("Plaintiff's First Amended Complaint will be dismissed without leave to amend because the defects in the original Complaint were not corrected."); Colbert v. Yamamoto, No. 04-6417, slip op. at *2 (E.D. Cal. Nov. 17, 2005) (dismissing second amended complaint with prejudice where plaintiff had simply "restate[d] the facts of an earlier complaint after court had "advised plaintiff of the deficiencies").

1. McMorgan Defendants' Motion to Dismiss State Law Claims as Preempted by ERISA

The court granted the McMorgan defendants' previous motion to dismiss because they were not "given sufficient notice of how these state law claims against them do not duplicate, supplement, or supplant the provisions of ERISA referenced by plaintiffs' fourth cause of action." (September 24, 2006 Order 15.) Plaintiffs amended their complaint, alleging that the McMorgan defendants entered into an "oral and/or written" agreement to review attorneys' fees that "was outside the investment management Agreement and included attorney billings unrelated to investment matters and unrelated to the legal services described in the Agreement." (06-907 FAC ¶ 22.)

The McMorgan defendants argue that even if a "separate" agreement exists, it is wholly irrelevant to the issue of whether plaintiffs' state law claims are preempted by ERISA. (McMorgan Defs.' 06-907 Mot. to Dismiss 9.) Their preemption argument rests on the notion that "any state-law cause of action that duplicates, supplements, or supplants the ERISA civil enforcement remedy conflicts with the clear congressional intent to make the ERISA remedy exclusive and is therefore pre-empted." Aetna Health Inc. v. Davila, 542 U.S. 200, 209 (2004) (citations omitted) (concluding that ERISA preempted state law claims where the complaint did not allege "any violation of a legal duty independent of ERISA"). In response, plaintiffs contend that, pursuant to Rule 8, they have alternatively pled state and federal claims in an effort to protect themselves if it is determined at a later stage in the litigation that they cannot maintain the ERISA claim.

Regardless of whether plaintiffs have plead the ERISA and state law causes of action in the alternative, it is unclear what basis plaintiffs have for claiming that the McMorgan defendants are subject to state law claims. The contract signed by the Pension Trust Fund and the McMorgan defendants states that McMorgan and Company was hired as an investment manager and an ERISA fiduciary. It is difficult to understand how state law claims are colorable against the McMorgan defendants given "ERISA's provision that 'a person is a fiduciary with respect to a plan to the extent [that] he renders investment advice for a fee or other compensation, direct or indirect, with respect to any moneys or other property of such plan.'" See Dudley Supermarket, Inc. v. Transamerica Life Ins. Annuity Co., 302 F.3d 1, 4 (1st Cir. 2002) (citing 29 U.S.C. § 1002(21)) (dismissing state law claims as preempted by ERISA against an investment manager who acted as an ERISA fiduciary). Even assuming the existence of a "separate" agreement to review attorneys' fees, plaintiffs have not alleged how defendants may have acted beyond the scope of exercising their discretion as an ERISA fiduciary such that they may be subject to state law claims that do not relate to the ERISA claim.

Plaintiffs continue to cite Coleman v. Standard Life Insurance Company, 288 F. Supp. 2d 1116, 1121 (E.D. Cal. 2003), which the court has already found inapplicable to this case. (September 24, 2006 Order 15, n. 9.)

Plaintiffs cite Meyer v. Berkshire Life Insurance Co., for the proposition that "fiduciary status under ERISA is not an all-or-nothing concept." 250 F. Supp. 2d 544, 562 (D. Md. 2003). However, that very case instructs courts to consider "'whether the acts in question were like traditional fiduciary decisions, which are typically 'decisions about managing assets and distributing property to beneficiaries.'" Id. (citations omitted). The act in question here is the alleged failure of the McMorgan defendants to exercise discretionary authority in supervising legal billings incurred in legal matters directly related to the management of the plan's investment assets. The contract between the McMorgan defendants and plaintiffs stipulated that McMorgan assumed the obligation to manage all of assets of Pension Trust Fund. (06-907 FAC ¶¶ 13, 14.) There are not any allegations that the McMorgan defendants failed to manage any attorneys' fee bills not related investment assets. Therefore, if the McMorgan defendants acted, or failed to act, with regard to the attorneys' fees management, it was as an ERISA fiduciary.

Defendants have not been given sufficient notice of how these state law claims against them do not duplicate, supplement, or supplant the provisions of ERISA referenced by plaintiffs' fourth cause of action. Because this court has already given the defendant an opportunity to cure this defect, the state law claims, as against the McMorgan defendants, will be dismissed with prejudice.

Because the court dismisses plaintiffs' state law claims against the McMorgan defendants, the court need not address the McMorgan defendants' motion to dismiss the state law claims against Howard and motion to dismiss all claims for time periods prior to September 28, 2001.

2. Liffey's Motion to Dismiss State Law Claims as Preempted by ERISA

Liffey, which assumed the McMorgan defendants' liabilities prior to September 28, 2001, advances many of the same arguments as the McMorgan defendants to support its contention that plaintiffs' state law claims are preempted by ERISA. For the same reasons discussed above, the court will grant Liffey's motion.

The court separates its treatment of Liffey here because Liffey's present motion is its first motion to dismiss these claims. Liffey urges dismissal with prejudice, citing an informal agreement among parties' counsel to avoid unnecessary motion practice that plaintiffs' counsel broke by making its request for leave to amend. Regardless of whether plaintiffs request leave to amend, (Opp'n. to Liffey's Mot. to Dismiss 5), the court must consider it. Nunes, 375 F.3d at 808. However, the relevant standard for granting leave to amend is whether the defect in plaintiffs' complaint "could not possibly be cured by the allegation of other facts." Id.

Because plaintiffs could allege facts demonstrating that Liffey may have acted beyond the scope of exercising its discretion as an ERISA fiduciary, the court will grant Liffey's motion to dismiss, but will give plaintiffs an opportunity to amend.

3. Stanton and Weinberg Defendants' ERISA Fiduciary Status

The court granted the Stanton and Weinberg defendants' previous motions to dismiss the fourth cause action in all three related cases because plaintiffs' allegations did "not sufficiently allege that the Stanton defendants or the Weinberg defendants acted or undertook to act beyond the ordinary role of retained counsel to exercise discretion over the plan or to make investment decisions." (September 24, 2006 Order 17.) Plaintiffs were given leave to amend to include allegations explaining whatactions the Stanton and Weinberg defendants undertook beyond the actions a lawyer would undertake for a client. (Id.)

The Stanton and Weinberg defendants were retained as counsel by the Pension Trust Fund. Their retainer agreements, which were virtually identical, set forth responsibilities to review and advise Pension Trust Fund regarding legal issues related to investments. (06-907 FAC ¶ 24.) In their first amended complaint, plaintiffs added an allegation that the Stanton and Weinberg defendants exercised "discretionary authority over plan assets," "approved contracts for sale of real estate," extended sale contracts, and worked closely with the McMorgan defendants on investment matters. (Id. ¶ 25.)

The allegations relevant here are the same in all three complaints.

As the court previously noted, "ERISA permits suits for breach of fiduciary duty only against ERISA defined fiduciaries." Kyle Ry., Inc. v. Pac. Admin. Servs., Inc., 990 F.2d 513, 516 (9th Cir. 1993). "To become a[n ERISA] fiduciary, the person or entity must have control respecting the management of the plan or its assets, give investment advice for a fee, or have discretionary responsibility in the administration of the plan." Az. State Carpenters Pension Trust Fund v. Citibank, 125 F.3d 715, 721-22 (9th Cir. 1997). Absent a showing of the assignment of one of these duties, an attorney is not an ERISA fiduciary. Yeseta v. Baima, 837 F.2d 380, 385 (9th Cir. 1988) (concluding that an attorney was not an ERISA fiduciary when neither his "status as an attorney nor as executor showed he controlled the Plan in a manner other than by usual professional functions").

Although plaintiffs' amended complaint alleges that the Stanton and Weinberg defendants exercised discretionary control, plaintiffs fail to differentiate the Stanton and Weinberg defendants' activities from those of the McMorgan defendants, for whom they served as counsel. "[T]he mere fact that an attorney represents an ERISA plan does not make the attorney an ERISA fiduciary." Custer v. Sweeney, 89 F.3d 1156, 1162 (4th Cir. 1996). While such a finding is not automatically precluded, id., plaintiffs must make specific allegations capable of demonstrating that these defendants "transcended [their] role as legal counsel." Id. at 1163 (citing 5A Charles A. Wright Arthur R. Miller, Federal Practice and Procedure § 1357, 317-18 (2d ed. 1990) (noting that court need not accept plaintiff's "'unwarranted deductions,' 'footless conclusions of law,' or 'sweeping legal conclusions cast in the form of factual allegations'" (footnotes and further citations omitted))).

Plaintiffs have not specifically differentiated the actions of the Stanton and Weinberg defendants from those of the McMorgan defendants, but merely alleged conclusory allegations of discretionary control over plan investments. Because this court has already given plaintiffs an opportunity to cure this defect, the fourth claim, as against the Stanton and Weinberg defendants, will be dismissed with prejudice.

The Stanton defendants move, in the alternative, for a more definite statement of the ERISA claims against them. Because the court will grant their motions to dismiss, it need not consider the motions for a more definite statement.

4. Stanton and Weinberg Defendants' Statute of Limitations Arguments

The court previously dismissed claims one through three in Case No. 06-904, as against the Stanton and Weinberg defendants, as time-barred. (September 24, 2006 Order 19-20). These claims were dismissed against the Weinberg defendants with respect to Cases No. 06-905 and 06-907. (Id. 21-24.) The court gave plaintiffs specific instructions to remedy their deficiencies. Plaintiffs refiled these claims, and the Stanton and Weinberg defendants make the same motions for dismissal.

The court previously found that California Code of Civil Procedure § 340.6 provides the limitations period for these claims. (Id. 18.) Moreover, the court found that plaintiffs must comply with the heightened pleading standard set out under California law. (Id. 19, n. 12.) Under California Code § 340.6, unless it is tolled, the statute of limitations expires "one year after the plaintiff discovers, or through the use of reasonable diligence should have discovered, the facts constituting the wrongful act or omission, or four years from the date of the wrongful act or omission, whichever occurs first." Cal. Civ. Code § 340.6. "[W]hen the plaintiff has notice of information of circumstances to put a reasonable person on inquiry, or has the opportunity to obtain knowledge from sources open to his investigation (such as public records or corporation books), the statute commences to run." McKelvey v. Boeing N. Am., Inc., 74 Cal. App. 4th 151, 160 n. 11 (1999) (quoting 3 B.E. Witkin, California Procedure § 602 at 773 (4th ed. 1996)). Moreover, a "plaintiff must plead (and later prove) the facts showing . . . [that] in the exercise of reasonable diligence the facts could not have been discovered at an earlier date." Id. However, the statute of limitations can be tolled if "[t]he attorney continues to represent the plaintiff regarding the specific subject matter in which the alleged wrongful act or omission occurred. . . ." Cal. Code Civ. Pro. § 340.6.

a. Case No. 06-904

The court previously dismissed claims one through three, as against the Stanton and Weinberg defendants, finding that plaintiffs should have filed this action within one year of the 2004 property sales. (September 24, 2006 Order 19-20.) The court granted plaintiffs leave to amend because it was unclear whether the Stanton and Weinberg defendants continued to represent plaintiffs "regarding the specific subject matter in which the alleged wrongful act or omission occurred" pursuant to California Code of Civil Procedure § 340.6(a)(2). (Id. 20-21.) More specifically,

The continuous representation rule, as codified in section 340.6, subdivision (a), is not triggered by the mere existence of an attorney-client relationship. Instead, the statute's tolling language addresses a particular phase of such a relationship — representation regarding a specific subject matter. Moreover, the limitations period is not tolled when an attorney's subsequent role is only tangentially related to the legal representation the attorney provided to the plaintiff.
Foxborough v. Van Atta, 26 Cal. App. 4th 217, 228-29 (1994). The specific subject matter at issue here is sale of the properties in 2004 for less than their market value.

Plaintiffs have not explained or alleged how their attorneys continued to represent them specifically with regard to completed transactions after those transactions were completed. Plaintiffs simply contend that defendants have "represented the [Pension Trust Fund (PTF)] on the same subject matter up to and after March of 2005" and continued to represent them through August 2006 for matters involving the Rancho Murieta properties (06-904 FAC ¶ 43.) However, "the limitations period is not tolled when an attorney's subsequent role is only tangentially related to the legal representation the attorney provided to the plaintiff."Foxborough, 26 Cal. App. 4th at 229. Plaintiffs' amended complaint fails to address this court's command that plaintiffs allege these defendants "continued to represent them specifically with regard to completed transactions after those transactions were completed." (September 24, 2006 Order 20.) Further, plaintiffs' reliance on the liberal pleading standards of Rule 8 are misplaced where this court has specifically held that plaintiffs must meet the pleading requirements of state law in order to rely on a defense to a statute of limitations challenge. Adobe Lumber, Inc. v. Hellman, 415 F. Supp. 2d 1070, 1081 (E.D. Cal. 2006) (citing Cal. Sansome Co. v. U.S. Gypsum, 55 F.3d 1402, 1407 (9th Cir. 1995)). Because this court has already given plaintiffs an opportunity to cure this defect, claims one through three, as against the Stanton and Weinberg defendants, will be dismissed with prejudice.

b. Case No. 06-905

Plaintiffs' first three causes of action in Case No. 06-905 are based on the foreclosure sale that occurred on February 24, 2004. The court previously dismissed plaintiffs' first three causes of action, as against the Weinberg defendants, but gave plaintiffs' leave to amend because "[i]t is possible that the Weinberg defendants' representation in attempting to undo the sale or in drafting tolling agreements between plaintiffs and other defendants was representation on this specific subject matter, and that this representation may have tolled the statute of limitations such that this case was timely filed." (September 24, 2006 Order 22.)

Plaintiffs allege that defendants represented the Pension Trust Fund well into the year 2006 and "continue to participate in the pending appeal of this matter." (06-905 FAC ¶ 51.) Plaintiffs specifically allege that "[d]efendants have submitted billings to the Trust for services rendered on the Rancho Murieta properties, including the Winncrest foreclosure and appeal until after mid-2006 and many of said invoices are coded by [d]efendants as pertaining to the "Winncrest matter," "Winncrest appeal" and/or "Winncrest foreclosure." (Id.) The specific subject matter underlying these claims is the foreclosure sale and the Weinberg defendants continued their representation of Pension Trust Fund on this matter by attempting to set aside the foreclosure sale. "The inquiry is not whether an attorney-client relationship still exists but when the representation of the specific matter terminated." Foxborough, 26 Cal. App. 4th at 229 (citing 2 Mallen Smith, Legal Malpractice, Statutes of Limitations, § 18.12, at p. 119, (footnotes omitted)). Plaintiffs sufficiently allege that the Weinberg defendants continued to represent them on the subject matter of the foreclosure sale into 2006. Accordingly, plaintiffs have alleged facts sufficient to avoid dismissal of their action as time-barred. The Weinberg defendants may, of course, bring a summary judgment motion if these facts are untrue, but the court must deny their motion to dismiss.

The court takes judicial notice of the documents attached to the declaration of Rachel Meny (06-905 Docket No. 70), which are a declarations of Mevi and Howard in support of summary judgement for Pension Trust Fund in an action to set aside the foreclosure sale in California Superior Court. Plaintiffs do not oppose this request. These matters are of public record.
The court also takes judicial notice of the declaration of Thomas J. D'Amato (06-905 Docket No. 77) reflecting that the appeal of the California Superior Court's judgment to not set aside the foreclosure sale has been argued but no decision has been rendered. Plaintiffs do not oppose this request. These matters are of public record.

c. Case No. 06-907

The court previously dismissed the first three causes of action in Case No. 06-907, as against the Weinberg defendants, because it was "unclear how long the Weinberg defendants represented plaintiffs on this specific subject matter, and the court cannot determine from the allegations in the complaint that the statute of limitations is tolled with respect to these causes of action." The specific subject matter at issue in these causes of action is the purported overbilling by the attorneys during the foreclosure proceedings.

Plaintiffs allege that defendants represented the Pension Trust Fund well into the year 2006 on the "same subject matter." (06-907 FAC ¶ 49.) Plaintiffs specifically allege that "[d]efendants have submitted billings to the Trust for services rendered on the Rancho Murieta properties, including the Winncrest foreclosure and appeal until after mid-2006 and many of said invoices are coded by defendants as pertaining to the 'Winncrest matter,' 'Winncrest appeal' and/or 'Winncrest foreclosure.'" (Id.) However, plaintiffs also allege that defendants "continue to participate in the pending appeal of the matter which primarily gave rise to the claim for attorney's fees and costs which were unreasonable." It is clear that plaintiffs are referring to litigation that ended prior to the foreclosure sale on February 24, 2004.

The court takes judicial notice of the documents attached to the declaration of Rachel Meny (06-907 Docket No. 80), which include the California Superior Court proceedings, which resulted in a judgment of foreclosure against Winncrest. Plaintiffs do not oppose this request. These matters are of public record.

Therefore, the Weinberg defendants did not continue to represent plaintiffs on the same subject matter — thus the statute of limitations cannot be tolled here. Because this court has already given plaintiffs an opportunity to cure this defect, claims one through three, as against the Weinberg defendants, will be dismissed with prejudice.

Because the court dismisses plaintiffs' first three claims against the Weinberg defendants, the court need not address the Weinberg defendants' motion to strike plaintiffs' improper requests for relief associated with these claims.

5. Stanton Defendants' Motion to Dismiss Case No. 06-905 for Lack of Jurisdiction

The Stanton defendants move to dismiss the entire first amended complaint in Case No. 06-905 for lack of jurisdiction, arguing that the case or controversy is not ripe for review. (06-905 Stanton Defs.' Mot. to Dismiss 6-8; Stanton Defs.' Reply 1-2.) Because ripeness pertains to a federal court's subject matter jurisdiction under Article III of the United States Constitution, it is properly raised in a motion to dismiss under Fed.R.Civ.P. 12(b)(1). See St. Clair v. City of Chico, 880 F.2d 199, 201 (9th Cir. 1989) (ripeness goes to a federal court's subject matter jurisdiction).

The ripeness doctrine prevents premature adjudication where a case has had no concrete impact on the parties. Exxon Corp. v. Heinze, 32 F.3d 1399, 1404 (9th Cir. 1994). In assessing ripeness claims, courts generally consider two factors: (1) whether the relevant issues are sufficiently focused to permit judicial resolution without further factual development, Clinton v. Acequia, Inc., 94 F.3d 568, 572 (9th Cir. 1996); and (2) whether the parties would suffer any hardship from postponed judicial action. Exxon, 32 F.3d at 1404.

The Stanton defendants argue that the allegations contained in the plaintiffs' complaint are premature in light of the pending appeal on the legitimacy of the foreclosure sale. Defendants' arguments are unpersuasive. First, ripeness "is measured at the time an action is instituted." Cf. Malama Makua v. Rumsfeld, 136 F. Supp. 2d 1155, 1161 (D. Haw. 2002) (citingLockary v. Kayfetz, 917 F.2d 1150, 1153-54 (9th Cir. 1990)). The Stanton defendants bring this motion in their second wave of motions to dismiss. Plaintiffs had and continue to have a cognizable claim of action. The proper inquiry is "whether the relevant issues are sufficiently focused to permit judicial resolution without further factual development." Clinton, 94 F.3d at 572. Plaintiffs allege professional negligence, breach of contract, and breach of fiduciary duty. Missing the foreclosure sale is cognizable under all three causes of actions, regardless of further state court proceedings.

The court has already taken judicial notice that a decision has not yet been rendered in the appeal of the California Superior Court's summary judgment that the foreclosure sale was valid. (06-905 Docket No. 77)

More importantly for this particular case, plaintiffs would suffer significant hardship with judicial postponement. In addition to the potential for their claims to become stale as the memories of witness fades, plaintiffs could potentially be deprived of the use of assets should they prevail on their claims. Further, the cases upon which the Stanton defendants rely, mostly concern challenges to administrative procedures and are inapplicable to this case.

The Stanton defendants have not persuaded this court that this matter is not ripe. The court will therefore deny this motion.

6. Stanton and Weinberg Defendants' Motion to Dismiss Cause of Action for Fraud in 06-907

The court previously dismissed claim five because it lacked "specificity as to times, dates, the contents of and the parties to these alleged misrepresentations." The Stanton and Weinberg defendants argue that plaintiffs have failed to meet the heightened pleading requirements for fraud actions.

Federal Rule of Civil Procedure 9(b) provides that "[i]n all averments of fraud or mistake, the circumstances constituting fraud or mistake shall be stated with particularity." "To avoid dismissal for inadequacy under Rule 9(b), [a] complaint would need to 'state the time, place, and specific content of the false representations as well as the identities of the parties to the misrepresentation.'" Edwards v. Marin Park, Inc., 356 F.3d 1058, 1066 (9th Cir. 2004); see also Neubronner v. Milken, 6 F.3d 666, 672 (9th Cir. 1993) ("The complaint must specify such facts as the times, dates, places, benefits received, and other details of the alleged fraudulent activity.").

Plaintiffs allege that the Stanton defendants, the Weinberg defendants, and two other sets of defendants "intentionally concealed the specific amounts of the billings, itemized statements, and the court rulings on issues of attorneys [sic] fees and costs to avoid discovery by Plaintiffs." (06-907 FAC ¶ 87.) Further, plaintiffs allege that the defendants did not submit bills to proper vendors and only submitted non-itemized statements. (Id.) Plaintiffs further allege that the defendants double billed for the same activities. (Id.) Plaintiffs do not allege specific instances of these allegations in their fraud claim. Plaintiffs have done little to remedy the deficiencies in their first complaint. Without greater specificity as to times, dates, the contents of and the parties to these alleged misrepresentations, the complaint does not sufficiently allege a cause of action for fraud. Because this court has already given plaintiffs an opportunity to cure this defect, claim five, as against the Stanton and Weinberg defendants, will be dismissed with prejudice.

Because the court dismisses plaintiffs' claim five, as against the Weinberg defendants, the court need not address the Weinberg defendants' motion to strike plaintiffs' improper requests for relief associated with this claim.

III. Conclusion

In Case No. 06-904, IT IS THEREFORE ORDERED that:

(1) the first, second, and third causes of action, as against Howard be, and the same hereby are, DISMISSED WITH PREJUDICE;

(2) the complaint, as against the Stanton defendants and the Weinberg defendants be, and the same hereby is, DISMISSED WITH PREJUDICE;

(3) with respect to all other defendants and/or claims, defendants' motions to dismiss, to strike, and for a more definite statement be, and the same hereby are, DENIED.

In Case No. 06-905, IT IS THEREFORE ORDERED that:

(1) the first, second, and third causes of action, as against Howard be, and the same hereby are, DISMISSED WITH PREJUDICE;

(2) the fourth cause of action, as against the Stanton defendants and the Weinberg defendants be, and the same hereby is, DISMISSED WITH PREJUDICE;

(3) with respect to all other defendants and/or claims, defendants' motions to dismiss, to strike, and for a more definite statement be, and the same hereby are, DENIED.

In Case No. 06-907, IT IS THEREFORE ORDERED that:

(1) the first, second, and third causes of action, as against the McMorgan defendants (McMorgan and Company, L.L.C., and Howard) be, and the same hereby are, DISMISSED WITH PREJUDICE;

(2) the first, second, and third causes of action, as against Liffey be, and the same hereby are, DISMISSED WITHOUT PREJUDICE;

(3) the complaint as against the Weinberg defendants be, and the same hereby is, DISMISSED WITH PREJUDICE;

(4) the fourth and fifth causes of action as against the Stanton defendants be, and the same hereby are, DISMISSED WITH PREJUDICE;

(5) with respect to all other defendants and/or claims, defendants' motions to dismiss, to strike, and for a more definite statement be, and the same hereby are, DENIED.

Plaintiff is hereby given 30 days from the date of this order to file an amended complaint in Case No. 06-907 consistent with this order. Another amended complaint should not be filed unless counsel believes in good faith that plaintiffs can state a claim upon which relief can be granted consistent with this order.


Summaries of

Pension Trust Fund v. McMorgan Co.

United States District Court, E.D. California
Jan 23, 2007
NO. CIV. S-06-904 WBS JFM, NO. CIV. S-06-905 WBS JFM, NO. CIV. S-06-907 WBS JFM (E.D. Cal. Jan. 23, 2007)
Case details for

Pension Trust Fund v. McMorgan Co.

Case Details

Full title:PENSION TRUST FUND FOR OPERATING ENGINEERS LOCAL 3; BOARD OF TRUSTEES OF…

Court:United States District Court, E.D. California

Date published: Jan 23, 2007

Citations

NO. CIV. S-06-904 WBS JFM, NO. CIV. S-06-905 WBS JFM, NO. CIV. S-06-907 WBS JFM (E.D. Cal. Jan. 23, 2007)