Fusco v. Rome Cable Corp.
District Court, N.D. New York
1Opinion of the Court
MEMORANDUM-DECISION AND ORDER
McCURN, Senior District Judge.
BACKGROUND
For a number of years the defendant Rome Cable Corporation (“Rome Cable”) es tablished and maintained a Retirement Plan (“the Plan”) for its employees. Sometime in 1982 Rome Cable began experiencing severe financial difficulties. Due to continuing financial woes, on approximately July 13,1987, Rome Cable issued a formal Notice of Intent to Terminate the Plan under the “distress termination” provisions of ERISA, 29 U.S.C. § 1341 (West Supp.1994). Effective September 14, 1987, the Pension Benefit Guaranty Corporation (“PBGC”)…
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