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PENSION BEN. GUAR. CORP. v. ARTRA GROUP, INC.

No. 90 C 5358.

768 F.Supp. 248 (1991)

PENSION BENEFIT GUARANTY CORPORATION, Plaintiff, v. ARTRA GROUP, INC., Defendant.

United States District Court, N.D. Illinois, E.D.

July 31, 1991.

Attorney(s) appearing for the Case

John Secaras, Regional Solicitor of Labor, Leonard A. Grossman, Office of the Regional Solicitor, U.S. Dept. of Labor, Chicago, Ill.

Carol Connor Flowe, General Counsel, Jeanne K. Beck, Deputy General Counsel, James Y. Callear, Asst. General Counsel, Tracy Rickett, Marc A. Tenenbaum, Washington, D.C., for plaintiff Pension Ben. Guar. Corp.

Paul M. Heylman, Scott Robins, Schmeltzer, Aptaker & Shepard, P.C., Washington, D.C., for defendant Artra Group, Inc.; James E. Beckley, Adler, Kaplan & Begy, Chicago, Ill., of counsel.

MEMORANDUM OPINION AND ORDER

HOLDERMAN, District Judge:

The Pension Benefit Guaranty Corporation ("PBGC") brought this action against defendant Artra Group, Inc. ("Artra") under Title IV of the Employee Retirement Income Security Act of 1974 ("ERISA") claiming that Artra is liable to PBGC as the sponsor of a terminated, underfunded single-employer pension plan.

FACTS

The material facts are not in dispute. Plaintiff PBGC is a wholly-owned...

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