PENSION BEN. GUAR. CORP. v. GREENE

Civ. A. No. 80-688.

570 F.Supp. 1483 (1983)

The PENSION BENEFIT GUARANTY CORPORATION, as Trustee of the Bollinger Corporation Salaried Employees Pension Plan and the Bollinger Corporation Union Employees Pension Plan and as Trustee of the Portersville Equipment Company Union Employees Pension Plan and the Portersville Equipment Company Salaried Employees Pension Plan, Plaintiff, v. Morton J. GREENE and Thomas R. Allen, Jr., as individuals and as former trustees of the Bollinger Corporation Salaried Employees Pension Plan, the Bollinger Corporation Union Employees Pension Plan, the Portersville Equipment Company Union Employees Pension Plan, and the Portersville Equipment Company Salaried Employees Pension Plan, and Economy Industrial Properties, Defendants.

United States District Court, W.D. Pennsylvania.

March 16, 1983.


Attorney(s) appearing for the Case

Asst. U.S. Atty. Craig R. McKay, Pittsburgh, Pa., and Pension Ben. Guar. Corp., Washington, D.C., for plaintiff.

William A. Hoffman, B.A. Karlowitz, Pittsburgh, Pa., for defendants.


MEMORANDUM OPINION

BLOCH, District Judge.

Plaintiff, the Pension Benefit Guaranty Corporation (hereinafter referred to as "PBGC"), is the government body created by the Employee Retirement Income Security Act of 1974 (hereinafter referred to as "ERISA") to administer the Mandatory Pension Plan Termination Program.1 Defendants Morton Greene (hereinafter referred to as "Greene") and Thomas R. Allen, Jr. (hereinafter referred to...

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