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
On July 18, 2019, voting largely along party lines, the U.S. House of Representatives passed legisla...
Read More >
On May 7, 2019, the California Supreme Court heard oral arguments in Wilson v. Cable News Network, I...
Read More >
Dear YouDig?, We just finished a project where and thought we paid all of our subcontractors. Abou...
Read More >
The new coronavirus is a heat-seeking missile headed straight for our health care system. The virus ...
Read More >
This alert was updated at 11:59 a.m. on 5/15/2020 - Governor Cuomo has announced the first phase of...
Read More >
Specifically, the newly-signed state legislation amends New York’s Executive and Education laws to ...
Read More >