X
03Dec

Sun Capital Update: First Circuit Reverses District Court’s “Partnership-in-Fact” Holding and Finds Private Equity Funds Not Part of Controlled Group and Not Liable for Portfolio Company’s Pension Liabilities

Last Friday, the U.S. Court of Appeals for the First Circuit ruled that two co-investing Sun Capital private equity funds (the Sun Funds) had not created an implied “partnership-in-fact” for purposes of determining whether the Sun Funds were under...
By: Proskauer - Employee Benefits & Executive
Source Url: https://www.jdsupra.com/legalnews/sun-capital-update-first-circuit-81012/

Related

Update: Westchester County Paid Safe Leave Law Goes Into Effect

As detailed in a prior Alert, the Westchester County Board of Legislators passed a stand-alone safe ...

Read More >

Following A National Trend, Illinois’ Equal Pay Act Now Bars Employers From Asking Job Applicants About Their Salary History

With much fanfare, Illinois Governor J.B. Pritzker signed into law major amendments to the Illinois ...

Read More >

What Source Selection Method Will Create ‘Best Value’ for Your Construction Project?

When forming a construction contract, owners and developers are working to create an agreement that ...

Read More >

Revised EIN Application Process Requires Individuals to Serve as the “Responsible Party”

Effective as of May 13, 2019, the U.S. Internal Revue Service (IRS) made a change to the application...

Read More >

New York Courts Continue to Uphold Enforceability of No Damages for Delay Clauses - Construction and Procurement Law News, Q2 2019

A New York trial court recently upheld the enforceability of a no-damages-for-delay clause in a cont...

Read More >