PENSION BENEFIT GUAR. v. WHITE CONSOL. INDUSTRIES

No. 91-1630.

72 F.Supp.2d 547 (1999)

PENSION BENEFIT GUARANTY CORP., Plaintiff, v. WHITE CONSOLIDATED INDUSTRIES INC., Defendant.

United States District Court, W.D. Pennsylvania.

August 24, 1999.


Attorney(s) appearing for the Case

Anthony J. Basinski, Reed, Smith, Shaw & McClay, Pittsburgh, PA, Bruce H. James, Pension Benefit Guaranty Corp., Washington, DC, George R. Clark, John R. Erickson, Kathleen H. McGuan, Tamara V. Scoville, Pamela K. Riley, Mary E. Riordan, David Ober, Reed, Smith, Shaw & McClay, Washington, DC, for plaintiff.

Edwin L. Klett, Kleet, Lieber, Rooney & Schorling, Pittsburgh, PA, William McGuinness, Janice M. Mac Avoy, Stephen J. Obie, Alexander R. Sussman, Charles King, Rana Dershowitz, Andrew T. Gardnerf, Fried, Frank, Harris, Shriver & Jacobson, New York City, for defendant.

Paul Meyer, Office of the General Counsel, Washington, DC, for Wyatt Co., other party.

Richard Gurbst, Squire, Sanders & Dempsey, Cleveland, OH, for Squire, Sanders & Dempsey, other party.


MEMORANDUM OPINION

CINDRICH, District Judge.

This action arises from the financial collapse of several pension plans (the "BK Plans") which were at all times covered by Title IV of the Employee Retirement Income Security Act of 1974 ("ERISA"), 29 U.S.C. Section 1301 et seq. Plaintiff, the Pension Benefit Guaranty Corporation ("PBGC"), the statutory guarantor of the BK Plans, filed a five count...

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