In 1998, after denied pension benefits, a lawsuit was filed in the 3rd Court of Appeals in Philadelphia: "Lawrence Hollyfield, Fiduciary to the Estate of Collins Hollyfield v. PENSION PLAN OF BETHLEHEM STEEL CORPORATION and Subsidiary Companies;" It was settled in favor of Hollyfield in 2001. It led to a class action lawsuit filed by the workers union soon thereafter. This settlement also led to Pension Benefit Guaranty Corporation (PGBC) assuming all pension payouts from Bethlehem Steel, the largest such assumption in U.S. History.