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AMERICAN COM. ASS'N, ETC. v. RETIREMENT PLAN, ETC.

No. 79 Civ. 4107.

488 F.Supp. 479 (1980)

AMERICAN COMMUNICATIONS ASSOCIATION, LOCAL 10, I.B.T., and Morton Cohen, Gus Protentis, Gabriel Meltzer, Mary Pinotti, Val Comforto, Robert Cooney, Baird Jackson, Plaintiffs, v. RETIREMENT PLAN FOR EMPLOYEES OF RCA CORPORATION AND SUBSIDIARY COMPANIES, RCA Corporation, RCA Global Communications, Inc., RCA American Communications, Inc., Globcom Systems Inc. and Morgan Guaranty Trust Company of New York, The Chase Manhattan Bank, N. A., Manufacturers Hanover Trust Company and Harris Trust and Savings Bank, Individually and as Trustees of the Retirement Plan for Employees of RCA Corporation and Subsidiary Companies, Defendants.

United States District Court, S. D. New York.

April 24, 1980.

Attorney(s) appearing for the Case

Cohen, Weiss & Simon, New York City, for plaintiffs; Samuel J. Cohen, Jani K. Rachelson, New York City, of counsel.

Cahill, Gordon & Reindel, New York City, for defendants Retirement Plan for Emp. of RCA Corp. and Subsidiary Companies, RCA Corp., RCA Global Communications, Inc., RCA American Communications, Inc., Morgan Guaranty Trust Co. of New York, Manufacturers Hanover Trust Co. and Harris Trust and Sav. Bank; Joel C. Balsam, New York City, of counsel.

Milbank, Tweed, Hadley & McCloy, New York City, for defendant The Chase Manhattan Bank, N.A.

OPINION

EDWARD WEINFELD, District Judge.

Plaintiffs, in an amended complaint, challenge certain aspects of the administration of the Retirement Plan for Employees of RCA Corporation and Subsidiary Companies (the "Plan"), a "defined benefit" pension plan1 governed by the Employee Retirement Income Security Act ("ERISA").2 Plaintiffs are seven employees of three RCA subsidiaries who allege they are...

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