In re IT GROUP, INC., Debtor.
John Accardi; David L. Backus; Rochelle Bookspan; Melissa L. Dubinsky; Dennis G. Fenn; John P. Franz; William A. Gauntt; Thomas W. Grimshaw; David W. Hickman; Warren C. Houseman; Stephen C. Kenney; James R. Mahoney; Thomas R. Marti; David W. Mayfield; William H. McIntosh; Roy McKinney; David C. McMurtry; Daniel C. Melchior, III; Georgeann N. Morekas; William C. Paris; Matthew G. Radek; Kevin R. Smith; Louis Stout; Leonard Yamamoto; John E. Foley; James M. Redwine; Stewart Bornhoft; Enzo Zoratto; Polly Quick, Appellants
v.
IT Litigation Trust; IT Group, Inc., and their Affiliates, as employers and fiduciaries, administrators and sponsors of the Plan; Carlyle Partners II, LP, as fiduciary of the Plan and/or tortfeasor; Anthony Deluca; Francis J. Harvey; Harry J. Soose, as fiduciaries of the Plan and as officers; IT Corporation Deferred Compensation Plan Effective January 1, 1996, Mark S. Kenney, Trustee.
United States Court of Appeals, Third Circuit.https://leagle.com/images/logo.png
Argued April 3, 2006.
Filed May 25, 2006.
Attorney(s) appearing for the Case
John M. Stull, Wilmington, DE, Thomas A. Johnson [Argued], Santa Barbara, CA, Counsel for Appellants, John Accardi; David L. Backus; Rochelle Bookspan; Melissa L. Dubinsky; Dennis G. Fenn; John P. Franz; William A. Gauntt; Thomas W. Grimshaw; David W. Hickman; Warren C. Houseman; Stephen C. Kenney; James R. Mahoney; Thomas R. Marti; David W. Mayfield; William H. McIntosh; Roy McKinney; David C. McMurtry; Daniel C. Melchior, III; Georgeann N. Morekas; William C. Paris; Matthew G. Radek; Kevin R. Smith; Louis Stout; Leonard Yamamoto; John E. Foley; James M. Redwine; Stewart Bornhoft; Enzo Zoratto; Polly Quick.
Jeffrey M. Schlerf, The Bayard Firm, Wilmington, DE, John K. Cunningham, Ileana A. Cruz, White & Case, Miami, FL, Counsel for Appellees, IT Litigation Trust; IT Group, Inc., and Their Affiliates, As Employers and Fiduciaries, Administrators and Sponsors of the Plan.
Mark D. Collins, Jason M. Madron, Richards, Layton & Finger One Rodney Square, Wilmington, DE, Timothy L. Patten, Latham & Watkins, Washington, DC, Counsel for Appellees, Carlyle Partners II, LP, as Fiduciary of the Plan And/or Tortfeasor.
Ronald S. Gellert, Eckert, Seamans, Cherin & Mellott, Philadelphia, PA, Mark A. Willard, Delia B. Bianchin, Sandra R. Mihok, Eckert, Seamans, Cherin & Mellott, Floor Pittsburgh, PA, Counsel for Appellee, Anthony DeLuca.
Michael J. Prame [Argued], Groom Law Group Chartered, Washington, DC, Counsel for Appellee, Francis J. Harvey.
Charles A. DeMonaco, Dickie, McCamey & Chilcote, Pittsburgh, PA, Counsel for Appellee, Harry J. Soose, as Fiduciaries of the Plan and as Officers.
Before RENDELL, SMITH, and BECKER, Circuit Judges.
United States Court of Appeals, Third Circuit.
RENDELL, Circuit Judge.
Plaintiffs (or "Participants"), participants in IT Corporation's Deferred Compensation Plan (the "Plan"), filed an adversary complaint in the Bankruptcy Court for the District of Delaware against IT Corporation (or the "Corporation"), its parent company, IT Group, Inc., and their subsidiaries, seeking secured, priority status for their claims for benefits owed to them under the Plan. The Bankruptcy Court concluded that the Plan was an unfunded...
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