they did it once .SAN FRANCISCO, CA, August 29, 2003 -- Lieff Cabraser Heimann & Bernstein, LLP, and Lewis & Feinberg, PC, announced the filing yesterday afternoon of a federal class action lawsuit, charging that the trucking and air freight conglomerate CNF, Inc., and its actuarial firm, Towers, Perrin, Forster & Crosby, Inc., caused the Consolidated Freightways Company, Inc., ("CFC") Pension Plan to become under-funded, costing retirees millions of dollars in lost pension benefits. In 1996, CNF spun off CFC Inc. to create a stand-alone, unionized trucking company at a time when the industry was being deregulated and non-unionized competitors were gaining market share. The lawsuit, entitled Paulsen, et al. v. CNF, Inc., et al., No. 03-3960 JW, was filed in United States District Court in San Jose.
August 29, 2003 Press Release - Lieff Cabraser Announces Class Action Lawsuit Against CNF, Inc.
what going to stop them from doing it again?????