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SHEPLEY v. NEW COLEMAN HOLDINGS INC.

No. 818, Docket No. 98-7519.

174 F.3d 65 (1999)

Harold E. SHEPLEY, Jr., Richard A. Kimmel, Gary L. Miller, Elmer C. Beeman, Jr., Mark E. Deflori and Dorothy B. Marker, and a class of all others similarly situated, Plaintiffs-Appellees, v. NEW COLEMAN HOLDINGS INC., formerly known as The Coleman Company, Inc., Glen P. Dickes, Donald G. Drapkin, William J. Fox, Howard Gittis, Richard E. Halpern, Frederick W. McNabb, Jr., Ronald O. Perelman, Bruce Slovin, Fred L. Tepperman, Carl T. Tsang, Warren B. Armstrong, Kenneth J. Wagnon, Richard D. Smith, MacAndrews Acquisition (Kansas), Inc., MacAndrews & Forbes Holdings, Inc., Jay Davis, Jeffrey Curtis and Timothy P. Cotter, Defendants-Appellants.

United States Court of Appeals, Second Circuit.

Decided April 1, 1999.

Attorney(s) appearing for the Case

David B. Rodes, Pittsburgh, PA (John T. Tierney, III, Goldberg, Persky, Jennings & White, P.C., Pittsburgh, PA, on the brief; Richard M. Seltzer, Jani K. Rachelson, Joseph J. Vitale, Cohen, Weiss and Simon, New York, NY, of counsel), for Plaintiffs-Appellees.

Lewis R. Clayton, New York, N.Y. (Robert S. Smith, Robert N. Kravitz, Sherrie L. Russell-Brown, Paul, Weiss, Rifkind, Wharton & Garrison, on the brief), for Defendants-Appellants.

(Lauren M. Bloom, Thomas C. Griffin, American Academy of Actuaries, Washington, DC; Michael W. Mitchell, Morvillo, Abramowitz, Grand, Iason, Silberberg, P.C., New York, NY, on the brief), for Amici Curiae American Academy of Actuaries and American Society of Pension Actuaries.

(Mary Ellen Signorille, AARP Foundation Litigation; Melvin Radowitz, American Association of Retired Persons, Washington, DC, on the brief), for Amicus Curiae American Association of Retired Persons.

(Joel Field, White Plains, NY, on the brief), for Amicus Curiae United Steelworkers of America, AFL-CIO.

Before: WINTER, Chief Judge, and JACOBS and POOLER, Circuit Judges.

JACOBS, Circuit Judge:

The successor corporation to The Coleman Company, Inc. and other corporate and individual defendants ("Coleman") appeal from the October 10, 1997 order of the United States District Court for the Southern District of New York (Batts, J.) granting partial summary judgment to participants in Coleman's defined benefit pension plan and declaring that the participants (Coleman's former employees) are entitled to the surplus assets in the plan...

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