Stefanatos v. United Greek Shipowners Corp.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• explaining that the statute provides for involuntary termination because asset preservation is critical to PBGC’s liability exposure
• determining that a participants’ interest in vested pension benefits was an “expectation or reliance interest” and that no participant had a “justifiable expectation in a termination date later than May 31, 1979 when the employer ceased all operations.”
• expressing in dicta that, “Possibly notice to [the] collective bargaining representative as a class representative is sufficient
• explaining the various ways in which PBGC’s exposure depends on the termination date
• noting termination based on an increase in liability of $3-4 million
• method of selecting a date of termination when disputed

Source: CourtListener parenthetical corpus (CC0).