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NACHMAN CORP. v. PENSION BENEFIT GUAR. CORP.

No. 78-1557.

446 U.S. 359 (1980)

NACHMAN CORP. v. PENSION BENEFIT GUARANTY CORPORATION ET AL.

Supreme Court of United States.

Decided May 12, 1980.

Attorney(s) appearing for the Case

Robert W. Gettleman argued the cause for petitioner. With him on the briefs were Lawrence R. Levin, Joel D. Rubin, and H. Debra Levin.

Henry Rose argued the cause for respondent Pension Benefit Guaranty Corporation. With him on the brief were Mitchell L. Strickler and George Kaufmann. M. Jay Whitman argued the cause for respondent International Union, United Automobile, Aerospace and Agricultural Implement Workers of America. With him on the brief was John A. Fillion.*

MR. JUSTICE STEVENS delivered the opinion of the Court.

On September 2, 1974, following almost a decade of studying the Nation's private pension plans, Congress enacted the Employee Retirement Income Security Act of 1974 (ERISA), 88 Stat. 829, 29 U. S. C. § 1001 et seq. As a predicate for this comprehensive and reticulated statute,1 Congress made detailed findings which recited, in...

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