Confirm favorite deletion?
Pension Benefit Guarantee Corp. v. LTV Corp
Only StudyBuddy Pro offers the complete Case Brief Anatomy*
Access the most important case brief elements for optimal case understanding.
*Case Brief Anatomy includes: Brief Prologue, Complete Case Brief, Brief Epilogue
- The Brief Prologue provides necessary case brief introductory information and includes:
- Topic: Identifies the topic of law and where this case fits within your course outline.
- Parties: Identifies the cast of characters involved in the case.
- Procedural Posture & History: Shares the case history with how lower courts have ruled on the matter.
- Case Key Terms, Acts, Doctrines, etc.: A case specific Legal Term Dictionary.
- Case Doctrines, Acts, Statutes, Amendments and Treatises: Identifies and Defines Legal Authority used in this case.
- The Case Brief is the complete case summarized and authored in the traditional Law School I.R.A.C. format. The Pro case brief includes:
- Brief Facts: A Synopsis of the Facts of the case.
- Rule of Law: Identifies the Legal Principle the Court used in deciding the case.
- Facts: What are the factual circumstances that gave rise to the civil or criminal case? What is the relationship of the Parties that are involved in the case. Review the Facts of this case here:
Section:4042 of ERISA authorized PBGC to terminate pension plans “involuntarily;” and Section:1347 authorized PBGC to “undo” termination and restore a pension plan “in any such case in which it determines such action to be appropriate.” When a plan is restored, full benefits are reinstated, and the employer, rather than the PBGC, is again responsible for the plan’s unfunded liabilities. LTV filed for reorganization under Chapter 11 of the Bankruptcy Code, and sought to have PBGC terminate its pension plans due to financial difficulty. After the plans were terminated, PBGC determined that LTV’s financial situation had improved significantly, and issued a Notice of Restoration to make LTV again responsible for its plans. LTV refused to comply, and PBGC initiated an enforcement action in the District Court. The court vacated PBGC’s restoration decision, and the Court of Appeals for the Second Circuit affirmed, holding that PBGC’s decision was arbitrary and capricious because the decision-making process of informal adjudication lacked adequate procedural safeguards.
- Issue(s): Lists the Questions of Law that are raised by the Facts of the case.
- Holding: Shares the Court's answer to the legal questions raised in the issue.
- Concurring / Dissenting Opinions: Includes valuable concurring or dissenting opinions and their key points.
- Reasoning and Analysis: Identifies the chain of argument(s) which led the judges to rule as they did.
- The Brief Prologue closes the case brief with important forward-looking discussion and includes:
- Policy: Identifies the Policy if any that has been established by the case.
- Court Direction: Shares where the Court went from here for this case.