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

House Democrats Propose Bill Requiring Workplace Heat Standard

On July 10, 2019, U.S. House of Representatives Democrats released a bill that, if passed, would req...

Read More >

Labor & Employment E-Note - August 2019 #4

In the National Labor Relations Board's ("NLRB" or "Board") recent Walmart decision, a majority of t...

Read More >

Third Circuit Affirms $4.5 Million Verdict in Favor of Exotic Dancers

A significant amount of wage and hour class/collective jurisprudence has developed around the issue ...

Read More >

Department of Transportation Issues Notice on Use of CBD Products by Safety-Sensitive Employees

The Department of Transportation’s (DOT) recent notice on the use of cannabidiol (CBD) products ser...

Read More >

Connecticut Expands Sexual Harassment Training and Notice Requirements

Connecticut Governor Ned Lamont recently signed into law the Time’s Up Act (the “Act”), which ame...

Read More >

Littler Global Guide - Denmark - Q2 2019

Amendments to Concept of Industrial Accidents to Cover “Temporary” Injuries - New Legislation Ena...

Read More >