This case involves tens of thousands of retirees from a large company who were promised life-time life-insurance coverage through their employer in Mississippi. Despite these assurances, the company canceled this life insurance benefit for all retirees. Shortly before the cancellation took place, the company brought on new executive management that promised to cut millions of dollars in expenses, and to increase the stock price of the company back to previous highs through an extensive cost reduction program. As a component of this initiative, the company then brought in outside consultants to research whether or not cutting this insurance benefit was a viable option. It was alleged that this cancellation of retirement benefits was in breach of fiduciary duty owed to the company’s employees and retirees.