Government Development Bank v. Holt Marine Terminal, Inc.
District Court, E.D. Pennsylvania
1Opinion of the Court
MEMORANDUM
McLAUGHLIN, District Judge.
The plaintiffs in this action seek to recover withdrawal liability incurred by a bankrupt shipping company, NPR, Inc. (“NPR”), under the Employee Retirement Income Security Act of 1974 (“ERISA”), 29 U.S.C. § 1001 et seq., as amended by the Multiemployer Pension Plan Amendments Act of 1980 (the “MPPAA”), 29 U.S.C. § 1381 et. seq. The plaintiffs are two entities that were secondarily liable for NPR’s withdrawal liability, and which paid over $14 million to a pension fund in satisfaction of NPR’s withdrawal liability. The plaintiffs assert claims against…
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