Visteon Corp. v. Visteon Corp.

Bankruptcy and district courts erred in allowing debtor to terminate retiree benefit plans that were terminable at will without complying with §1114.
Procedural posture: 
Appellee chapter 11 debtor moved for permission to terminate retiree benefit plans. The bankruptcy court granted the motion as to most retiree benefits without requiring compliance with the procedures set forth in 11 U.S.C.S. § 1114. The United States District Court for the District of Delaware affirmed. Appellant union appealed.
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Commercial case opionion summary, case decided on July 13,2010, LexisNexis #0910-128