Trustees of pension fund brought action against mortgage company for breach of fiduciary duty under the Employee Retirement Income Security Act (ERISA) and for state claims. On cross motions for summary judgment, the District Court held that: (1) three-year limitations period began to run when trustees attended a detailed sales pitch which outlined the mortgage program given by the president of the mortgage company; (2) trustees’ ERISA claims were governed by ERISA’s three-year statute of limitations; and (3) trustees’ state law claims were preempted by ERISA claims. Motions granted in part and denied in part.