Walter Godchaux, Jr. v. Conveying Techniques, Inc.
Court of Appeals for the Fifth Circuit
1Opinion of the Court
JERRY E. SMITH, Circuit Judge:
Plaintiff Walter Godchaux, Jr., sold his Louisiana manufacturing business, Nadust-co, to Conveying Techniques, Inc. (“CTI”), on December 30, 1982. One year later, on December 31, 1983, CTI withdrew Nadust-co from Nadustco’s union-negotiated, mul-tiemployer pension plan. By a letter dated May 15, 1984, counsel for the pension plan informed CTI that Nadustco had incurred a $225,753 “withdrawal liability.” This withdrawal liability, which 29 U.S.C. § 1381 imposes upon employers who withdraw from a multiemployer pension plan, 1 is calculated according to the unfunded…
2Cases cited31 opinions
- Brady v. MarylandSupreme Court of the United States · 1963
- Erie Railroad v. TompkinsSupreme Court of the United States · 1938
- Klaxon Co. v. Stentor Electric Manufacturing Co.Supreme Court of the United States · 1941
- United States v. BagleySupreme Court of the United States · 1985
- TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
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3Cited by43 opinions
- In Re: Ikon Office Solutions, Inc., Securities Litigation City of Philadelphia, Through Its Board of Pensions and Retirement, Oliver Scofield and Lawrence Porter, as Representatives of a Certified Class ConsistingCourt of Appeals for the Third Circuit · 1998
- Fine v. American Solar King Corp.Court of Appeals for the Fifth Circuit · 1990
- First National Bank of Commerce (Formerly the Bank of New Orleans & Trust Company) v. Monco Agency Incorporated, Arthur Young & CompanyCourt of Appeals for the First Circuit · 1990
- McLane Foodservice, Inc. v. Table Rock Restaurants, L.L.C.Court of Appeals for the Fifth Circuit · 2013
- In Re. Ikon v. City of PhiladelphiaCourt of Appeals for the Third Circuit · 2002
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