Pension Plan Retirees Denied Rehearing In Due Process Violation Suit

Mealey's (March 1, 2021, 11:04 AM EST) -- CINCINNATI — The Sixth Circuit U.S. Court of Appeals on Feb. 25 denied a petition for rehearing en banc filed by retirees who argued that despite the court’s issuance of an amended opinion on Dec. 28 to acknowledge the ruling of Nachman Corp. v. PBGC, a rehearing was still warranted because the Sixth Circuit failed to follow Nachman’s holdings in determining that there was no due process violation in the termination of a salaried pension plan....