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PBGC Eyes Hamptons Estate In Suit Over Pension Fund

By Catherine Fredenburgh (February 6, 2006, 12:00 AM EST) -- The Pension Benefit Guaranty Corp. has moved to seize the pension plan of a bankrupt steel company in a bid to thwart efforts by a group of creditors to slide the fund into an empty corporate shell under the guise of reorganization, effectively switching the plan to the federal program and freeing the company's corporate parent from responsibility for more than $100 million in benefits....

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