Prudent Investor Method Used to Value Unfunded Pension Benefits Claim

Business Valuation UpdateVol. 4 No. 10
Legal and Court Case Update
October 1998
3325 Steel Foundries, NEC
331513 Steel Foundries (except Investment)
bankruptcy
bankruptcy, discount, erisa

Pension Benefits Guaranty Corp. v. CF&I Fabricators (In re: CF&I Fabricators)
150 F.3d 1293, 1998 U.S. App. LEXIS 17697
August 3, 1998
US
Federal Court
10th Circuit
United States Court of Appeals
Porfilio

Summary

CF & I Fabricators of Utah Inc. filed for Chapter 11 bankruptcy and Pension Benefits Guaranty Corp. seeks, among other things, payment for unfunded benefit liabilities accruing because of the lack of assets in the benefit plan.

See Also

Pension Benefits Guaranty Corp. v. CF&I Fabricators (In re: CF&I Fabricators)

Parties disagree as to the method that should be employed to determine the present value of future payments because of two ERISA provisions.