IN RE CSC INDUSTRIES, INC.

No. 99-4243.

232 F.3d 505 (2000)

In re CSC INDUSTRIES, INC. & Copperweld Steel Company, Debtors. Pension Benefit Guaranty Corporation, Appellant, v. Kathryn A. Belfance, Trustee, the Copperweld Steel Company Liquidation Trust, Appellee.

United States Court of Appeals, Sixth Circuit.

Decided and Filed: November 17, 2000.


Attorney(s) appearing for the Case

Israel Goldowitz (argued and briefed), William G. Beyer, James J. Keightley, Susan E. Birenbaum, Kenneth J. Cooper (briefed), Pension Benefit Guaranty Corporation, Office of the General Counsel, Washington, D.C., for Appellant.

Marc B. Merklin (argued and briefed), Joseph F. Hutchinson, Jr., Clair E. Dickinson (briefed), Brouse & McDowell, Akron, Ohio, for Appellee.

Before: JONES, RYAN, and CLAY, Circuit Judges.


OPINION

RYAN, Circuit Judge.

We must decide in this appeal whether the lower courts erred in using a "prudent investor rate" to calculate a claim in a bankruptcy proceeding involving unfunded benefit liabilities for a defined benefit pension plan (DBPP) under the Employee Retirement Income Security Act of 1974 (ERISA). We must also determine whether a claim for missed minimum funding contributions is entitled to a "tax" priority under 11 U.S.C. § 507...

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