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IN RE RAYTECH CORP.

Bankruptcy Nos. 89-00293, 98-51540, 98-51532. Adversary No. 99-5051.

241 B.R. 790 (1999)

In re RAYTECH CORPORATION, Raymark Corporation, Raymark Industries, Inc., Debtors. Raytech Corporation, Plaintiff, and The Official Committee of Unsecured Creditors of Raytech Corporation, Plaintiff-Intervenor, v. Pension Benefit Guaranty Corporation, Defendant.

United States Bankruptcy Court, D. Connecticut, Bridgeport Division.

December 6, 1999.

Attorney(s) appearing for the Case

Kenneth Pasquale, Stroock & Stroock & Lavan, LLP, New York City, for Raytech Corporation.

Elizabeth Austin, Pullman & Comley, LLC, Bridgeport, CT, for Raytech Corporation.

Lois Bruckner Parks, Nancy Herrmans, Office of General Counsel, Pension Benefit Guarantee Corp., Washington, DC, for the Pension Benefit Guarantee Corp.

MEMORANDUM AND ORDER ON CROSS-MOTIONS FOR SUMMARY JUDGMENT

ALAN H.W. SHIFF, Chief Judge.

The plaintiff-debtor, Raytech Corporation ("Raytech"), and the defendant, the Pension Benefit Guarantee Corporation ("the PBGC"), have filed cross motions for summary judgment. This decision addresses the PBGC's motion as to count one of its counterclaim which alleges that Raytech is obligated to fund two pension plans.

BACKGROUND

The procedural history...

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