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CENTRA v. CENTRAL STATES, SE AND SW AREAS PENSION

No. 08-4041.

578 F.3d 592 (2009)

CENTRA, INC. and Detroit International Bridge Co., Plaintiffs-Counterdefendants-Appellants, v. CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND, Defendant-Counterplaintiff-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided August 20, 2009.

Attorney(s) appearing for the Case

Richard Willard (argued), Steptoe & Johnson, Washington, DC, for Plaintiffs-Counterdefendants-Appellants.

Richard L. Fenton, Sonnenschein, Nath & Rosenthal, Chicago, IL, James P. Condon (argued), Central States, Southeast & Southwest Areas Pension Fund, Rosemont, IL, for Defendant-Counterplaintiff-Appellee.

Before CUDAHY, RIPPLE and WOOD, Circuit Judges.

CUDAHY, Circuit Judge.

CenTra, Inc. is a holding company that owns subsidiaries in trucking and real estate, as well as one that operates the Ambassador bridge between Detroit and Windsor, Ontario. In 1995, CenTra was reorganized to shed its unprofitable unionized trucking operations. Two years later, CenTra's last unionized subsidiary—the Detroit International Bridge Co. (DIBC)— withdrew from the Central States pension fund, and the fund assessed more...

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