Carl Icahn Cause of Latest Pension Scandal; Class Action Suit Filed by Former TWA Pilots
Conspiracy, violations of federal law and denial of constitutional rights are the core accusations made in a class action lawsuit regarding the pension benefits denied to former TWA pilots by financier Carl Icahn, the Pension Benefit Guaranty Corporation (PBGC) and the Airline Pilots Association (ALPA).
The lawsuit was filed on May 15, 2002 in the U.S. District Court for the District of Columbia by Quarles & Brady Streich Lang, LLP, representing the more than 1,000 TWA pilots who are now receiving pensions as much as $1,500 per month lower than what they had been promised.
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