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

FTC and DOJ Draft Vertical Merger Guidelines Provide Additional Transparency to Agency Practice

For the first time since the Department of Justice Antitrust Division (DOJ) published non-horizontal...

Read More >

Massachusetts Significantly Limits Types of Construction Projects Permitted as COVID-19 Essential Services

On March 31, 2020, Governor Baker issued an order extending his March 23rd emergency order temporari...

Read More >

Here’s the Expert Your Company Needs to Gain the Upper Hand

Internal auditors make excellent expert witnesses because of their skills, certifcations, and profes...

Read More >

North Carolina Courts Defeat Another ‘Overbroad' Noncompete

In recent years, North Carolina courts have become increasingly resistant to enforcing noncompetitio...

Read More >

EEOC Sues Convenience Store for Refusing to Hire Clerk with Tourette’s Syndrome

Store Manager Mocked Job Applicant's Condition and Threw Away His Application, Federal Agency Charge...

Read More >