Before declaring bankruptcy last year, the Point's final owner - RENCO - sold off 24.5% of its ownership stake, in order to avoid having to pay pensions of the plant's 1300+ workers. Now, the federally-backed Pension Benefit Guaranty Board - which would have to pick up the tab - is suing them for $97 million. Good on them. I hope they win and make those #%^@! pay.
http://tinyurl.com/afajs6j