X
02Dec

No Partnership, No Common Control, No Withdrawal Liability: Private Equity Funds Not Liable for Portfolio Company’s Multiemployer Plan Withdrawal Liability

Seyfarth Synopsis: The First Circuit reversed a district court’s ruling holding two Sun Capital private equity (PE) funds responsible for the withdrawal liability incurred by a bankrupt portfolio company....
By: Seyfarth Shaw LLP
Source Url: https://www.jdsupra.com/legalnews/no-partnership-no-common-control-no-56504/

Related

2020: The Year Ahead For Employers

A collection of national trends, legislation, regulation and litigation that we expect to have a sig...

Read More >

Recent FTC and FDA Warning Letters May Hold Lessons For Cannabis Advertisers

Last month the Federal Trade Commission (FTC) and the U.S. Food and Drug Administration (FDA) sent j...

Read More >

SECURE Act Expands Retirement Savings, Increases Access To Plans

A new retirement savings law passed as part of the 2019 spending bill and signed by President Trump ...

Read More >

Connections CSP Will Pay $550,000 to Settle EEOC Disability Discrimination Suit

Human Services Provider Unlawfully Fired Employees Who Needed Medical Leave, Federal Agency Charged ...

Read More >

Recent Sun Capital Decision Reverses Lower Court's Ruling That Funds Are Liable for a Portfolio Company's Withdrawal Liability

The First Circuit, however, disagreed with the lower court. Analyzing the multi-factor test for esta...

Read More >

Courts, Not Arbitrators, Decide Gateway Issue of Class Proceedings

Who should decide the gateway issue of whether an arbitration agreement permits class proceedings? C...

Read More >