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
Eighteen months after President Trump signed the Foreign Investment Risk Review Modernization Act (“...
Read More >
We have previously reported that Mylan and Upjohn, Pfizer’s off-patent branded and generic business...
Read More >
Norwegian salmon farmer Marine Harvest has been unsuccessful in its appeal to the Court of Justice o...
Read More >
The Pennsylvania Commonwealth Court recently ruled that an employer cannot use a Compromise and Rele...
Read More >
In the November 2019 election Virginia gained a Democratic “trifecta”—both legislative chambers a...
Read More >
A federal appeals court decided last week that ride-share drivers engaging in interstate commerce wh...
Read More >