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Cont'l Can Co. v. Chi. Truck Drivers, Helpers & Warehouse Workers Union Pension Fund

916 F.2d 1154 (7th Cir. 1990)

tl;dr: The term “substantially all” in 29 U.S.C. § 1383(d)(2) has its specialized legal meaning of “85%” and not the meaning of “50.1%” that was stated in the statute’s legislative history.

IRACIssue, Rule, Analysis, Conclusion

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Facts & Holding

Facts:29 U.S.C. § 1383(d)(2) exempts a pension fund from withdrawal...

Holding:Holding (Easterbrook): The term “substantially all” in 29 U.S.C. §...

Cont'l Can Co. v. Chi. Truck Drivers, Helpers & Warehouse Workers Union Pension Fund

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