Paulsen v. CNF INC.
Court of Appeals for the Ninth Circuit
1Opinion of the Court
OPINION
CALLAHAN, Circuit Judge:
Plaintiffs-Appellants are former employees (“the Employees”) of CNF Inc. (“CNF”), a supply chain management company that underwent a substantial reorganization starting in 1996. 1 The Employees allege that as a result of CNF’s reorganization, which included a “spinoff’ of an underperforming division of CNF in which the Employees worked, their retirement benefits were substantially reduced. The spinoff created a new company, Consolidated Freightways Corporation (“CFC”). Concurrent with the division spinoff, CNF also spun off part of the defined benefit pension…
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