Excerpt: This case arises out of a settlement agreement concerning [TWA's] employee pension plans. Agreed to over a decade ago by TWA, TWA's employees, the financier Carl Icahn and the [PBGC], the agreement required the PBGC to terminate the plans if certain defined 'Significant Events' were to occur.... [W]e conclude that federal law authorizes the PBGC to enter into settlement agreements like the one challenged in this case ... [Allied Pilots Association v. PBGC, No. 02-5144 (D.C. Cir. July 11, 2003)]  MORE >>