PENSION BENEFIT GUARANTY CORPORATION, Plaintiff-Appellant, Cross-Appellee,
David H. Miller and William W. Shaffer, Intervenors-Appellants,
v.
The LTV CORPORATION and LTV Steel Company, Inc., Defendants-Appellees,
Official Committee of Unsecured Creditors of LTV Corporation, Subcommittee of Parent Creditors of the Official Committee of Unsecured Creditors of LTV Corporation, LTV Bank Group, Official Committee of Equity Security Holders, BancTexas Dallas, N.A., Fifth Third Bank, Huntington National Bank and Citibank, N.A., Intervenors-Appellees,
The LTV Bank Group, Intervenor-Appellee, Cross-Appellant.
United States Court of Appeals, Second Circuit.https://leagle.com/images/logo.png
Argued January 13, 1989.
Decided May 12, 1989.
Attorney(s) appearing for the Case
Gary M. Ford, Gen. Counsel, Pension Ben. Guar. Corp., Washington, D.C. (Carol Connor Flowe, Deputy Gen. Counsel, Jeanne K. Beck, Asst. Gen. Counsel, James J. Armbruster, Paula J. Connelly, Pension Ben. Guar. Corp., Philip W. Tone, Jenner & Block, E. Calvin Golumbic, Arent, Fox, Kintner, Plotkin & Kahn, Washington, D.C., of counsel), for plaintiff-appellant Pension Benefit Guar. Corp.
R.A. King, Pittsburgh, Pa. (Kenneth R. Bruce, Janet R. Thompson, Buchanan Ingersoll, Pittsburgh, Pa., Stuart Cotton, Mound Cotton & Wollan, New York City, of counsel), for intervenors-appellants David H. Miller and William W. Shaffer.
Lewis B. Kaden, New York City (Karen E. Wagner, Sharon Katz, Joan Greco, Davis Polk & Wardwell, New York City, of counsel), Michael J. Crames, New York City (Herbert S. Edelman, Marc Abrams, Levin & Weintraub & Crames, New York City, of counsel), Frank Cummings, Leboeuf, Lamb, Leiby & MacRae, Washington, D.C., on the brief, for defendants-appellees LTV Corp. and LTV Steel Co., Inc.
Brian Cogan, New York City (Lawrence M. Handelsman, Stroock & Stroock & Lavan, Leonard E.M. Rosen, Theodore Gewertz, Harold Novikoff, Wachtell, Lipton, Rosen & Katz, New York City, of counsel), for intervenor-appellee Official Committee of Unsecured Creditors.
Geoffrey M. Kalmus, New York City (Joel Zweibel, Peter V. Pantaleo, Kramer, Levin, Nessen, Kamin & Frankel, New York City, of counsel), for intervenor-appellee LTV Bank Group.
Claude D. Montgomery, New York City (Edgar H. Booth, Peter D. Wolfson, Sara L. Chenetz, Myerson & Kuhn, New York City, of counsel), for intervenor-appellee Official Committee of Equity Security Holders.
Kathryn C. Mallory, Dallas, Tex. (Robin E. Phelan, Haynes and Boone, Dallas, Tex., of counsel), for intervenor-appellee Banc-Texas Dallas, N.A.
Carl B. Frankel, Paul V. Whitehead, Karin S. Feldman, United Steelworkers of America, Pittsburgh, Pa., Bruce H. Simon, Richard M. Seltzer, Babette A. Ceccotti, Sophia E. Davis, Cohen, Weiss and Simon, New York City, on the brief, for amicus curiae, United Steelworkers of America.
G. Stewart Webb, Jr., William D. Quarles, Warren W. Hamel, Venable, Baetjer, Howard and Civiletti, Washington, D.C., on the brief, for amici curiae, Armco, Bethlehem Steel Corp., Inland Steel Industries, Inc., Nat. Steel Corp. and USX Corp.
Before VAN GRAAFEILAND, MESKILL and MINER, Circuit Judges.
United States Court of Appeals, Second Circuit.
MESKILL, Circuit Judge:
This is an appeal from a September 12, 1988 judgment of the United States District Court for the Southern District of New York, Sweet, J., that denied a motion for summary judgment by plaintiff Pension Benefit Guaranty Corporation (PBGC), vacated PBGC's Notice of Restoration of several pension plans that were maintained and administered by defendants The LTV Corporation and LTV Steel Company, Inc. and ordered entry of judgment in favor of LTV...
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