United Airlines' Mechanics Defeated In Appeal

Law360, New York (January 11, 2007, 12:00 AM EST) -- An appellate court has sided against a United Airlines mechanics union, which had been seeking to overturn a decision that found the Pension Benefit Guaranty Corp. had provided sufficient warning that the ground crew’s pension plan was going to be terminated.

On Tuesday, the U.S. Court of Appeals for the Fourth Circuit affirmed the district court’s earlier decision, unswayed by the Aircraft Mechanics Fraternal Association’s appeal against the governmental insurer.

“We hold that, under the applicable standard, PBGC's publication of notice of termination of the ground...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.