Court of Appeals for the Sixth Circuit June 10, 2002, No. 00-6498 (Easterly v. Philips Electronics North America Corp.)

*167OPINION

SIMPSON, District Judge.

Plaintiffs brought this class action under the Employee Retirement Income Security Act, (“ERISA”) 29 U.S.C. §§ 1001, et seq. after their employer, Philips Electronics North America Corporation (“Philips”) sold the manufacturing facility at which they were employed as a “going concern” and denied them benefits under its severance pay benefit plan (the “Plan”).