Pension Benefit Guaranty Corporation v. White Consolidated Industries, Inc., C/o Ct Corporation Systems Registered Agent

U.S. Court of Appeals, Third Circuit · Decided 1993-06-30

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OPINION OF THE COURT COWEN, Circuit Judge. White Consolidated Industries, Inc. (“WCI”) sold a group of unprofitable businesses and their associated underfunded pension plans to a newly .formed corporation. WCI, however, remained contractually obligated to make substantial contributions to the plans for five additional years. More than six years after…

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