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Continental Can Company, Inc. v. Chicago Truck Drivers, Helpers and Warehouse Workers Union
United States Court of Appeals for the Seventh Circuit
916 F.2d 1154 (7th Cir. 1990)
Continental Can Company, Inc. (Continental Can) (plaintiff) was a contributor to a pension fund consisting of the pooled assets of multiple employers. A majority of these assets were contributed by employers in the trucking business. Federal statute 29 U.S.C. § 1383(d)(2) exempted a pension fund from withdrawal liability if substantially all the fund’s contributions were made by employers in the trucking industry. Continental Can brought suit seeking an exemption for its pension fund from withdrawal liability under § 1383(d)(2).
Rule of Law
Holding and Reasoning (Easterbrook, J.)
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