PBGC Wins Suit To End Rouge Steel Pension Plans

Law360, New York (August 24, 2010, 4:36 PM EDT) -- The Pension Benefit Guaranty Corp. has won a bid for summary judgment in its lawsuit seeking to terminate four Rouge Steel Co. pension plans in the wake of the steel producer’s 2003 bankruptcy filing.

In an order issued Monday in the U.S. District Court for the Eastern District of Michigan, Judge George Steeh sided with the PBGC’s request to set the pension plans’ termination date as Oct. 31, 2005, saying Rouge at that point had ceased operations for more than a year and that plan participants...
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