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Type
Opinion
Author
Martha Craig Daughtrey
Filed
Sept. 4, 2018
Case
Pension Benefit Guaranty Corp. v. Findlay Indus., Inc.
Case status
Decided

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Opening text

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MARTHA CRAIG DAUGHTREY, Circuit Judge. Following the financial collapse of the Studebaker Company in 1963, more than 11,000 autoworkers lost 85 percent of their vested pension interest when the company's retirement plan was terminated. The resulting political pressure culminated in passage of the Employee Retirement Income Security Act of 1974,…

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