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ALLIED PILOTS ASS'N v. PENSION BEN. GUAR. CORP.

No. 02-5144.

334 F.3d 93 (2003)

ALLIED PILOTS ASSOCIATION, et al., Appellants, v. PENSION BENEFIT GUARANTY CORPORATION, et al., Appellees.

United States Court of Appeals, District of Columbia Circuit.

Decided July 11, 2003.

Attorney(s) appearing for the Case

Kathy L. Krieger argued the cause for appellants. With her on the briefs was Edgar N. James. Clay Warner and Michael E. Abram entered appearances.

Jeffrey B. Cohen, Deputy General Counsel, Pension Benefit Guaranty Corporation, argued the cause for appellee. With him on the brief were James J. Keightley, General Counsel, and John A. Menke and Paula J. Connelly, Senior Counsel.

David P. Gersch argued the cause for appellees Pichin Corporation and Icahn Associates Corporation. With him on the brief was John D. Daley.

Before: GINSBURG, Chief Judge, and EDWARDS and TATEL, Circuit Judges.

Opinion for the Court filed by Circuit Judge TATEL.

TATEL, Circuit Judge:

This case arises out of a settlement agreement concerning Trans World Airlines' employee pension plans. Agreed to over a decade ago by TWA, TWA's employees, the financier Carl Icahn, and the Pension Benefit Guaranty Corporation (PBGC), the agreement required the PBGC to terminate the plans if certain defined "Significant Events" were to occur. Eight years later, when one of the "Significant...

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