Law360, New York (November 16, 2006, 12:00 AM ET) -- After emerging from bankruptcy two months ago, Oneida Ltd. has found itself locked in a battle with the Pension Benefit Guaranty Corp. over whether the battle-scarred flatware maker owes the government insurer a slew of payments for terminating its pension plans.
Oneida sued the PBGC on Wednesday in the U.S. Bankruptcy Court for the Southern District, arguing that it should not be held liable for various termination payments.
“There is a real and substantial controversy between plaintiff and defendant, and the adverse legal interests of the...
Oneida Throws Punch At PBGC Over Payments
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