Metals and Mining
Company Overview of Allegheny Ludlum LLC
Allegheny Ludlum LLC, doing business as ATI Allegheny Ludlum Corporation, manufactures and markets stainless steels, silicon electrical steels, tool steels, titanium, and nickel alloy materials. It offers stainless steel products, including austenitic, duplex, ferritic, martensitic, precipitation hardening, superaustenitic, and superferritic; nickel and cobalt alloy products, including corrosion resistant and electronic; titanium and titanium alloy flat-rolled products; grain-oriented electrical steel products; and steel armor plates. The company serves customers in consumer and capital goods markets, including aerospace airframes and engines, architecture and construction, defense, electron...
100 River Road
Brackenridge, PA 15014-1597
Founded in 1938
Key Executives for Allegheny Ludlum LLC
Allegheny Ludlum LLC does not have any Key Executives recorded.
Allegheny Ludlum LLC Key Developments
U.S. District Court Dismisses Lawsuit of Contract Claims Arising from Increased Health Insurance Costs
Aug 31 13
The U.S. District Court for the Western District of Pennsylvania dismissed union retirees' breach of contract claims arising from increased health insurance costs, finding that the continuation of coverage clause in the relevant collective bargaining agreements unambiguously did not create a vested right to no-cost health insurance. The ERISA statute of limitations barred breach of fiduciary duty claims. Allegheny Ludlum Corp. provided health insurance benefits for active and retired employees through an employee health benefit plan. Prior to Jan. 1, 2008, Allegheny provided benefits at no cost. After January 1, retirees had to pay a monthly premium. Eight former union employees of Allegheny sued the corporation on behalf of themselves and several thousand former union employees and their spouses or dependents. The complaint asserted breach of contract and ERISA breach of fiduciary duty claims. The plaintiffs specifically alleged that retired union employees were entitled to no-cost lifetime health benefits pursuant to various collective bargaining agreements (CBAs). The decision to increase premium payments allegedly breached the CBAs and Allegheny's fiduciary duty to the plaintiffs and putative class members. Allegheny moved to dismiss the complaint. The district court determined dismissal was appropriate. The continuation of coverage provision in the CBAs provided in part that health insurance coverage would not be terminated or reduced so long as the individual remained retired from Allegheny or received a surviving spouse's benefit, except as Allegheny and the union might otherwise agree. The district court found the language of the clause did not create a vested right to lifetime health insurance at no cost. The district court ruled that under applicable law, there was no breach of contract and that the breach of fiduciary claim was untimely. As the plaintiffs had three chances to assert viable claims, the district court concluded amending the complaint was futile.
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