12Dec
Appellate Court Reverses District Court’s Finding Private Equity Funds Liable for Portfolio Company’s Withdrawal Liability on “Partnership-in-Fact” Theory
On November 22, 2019, the U.S. Court of Appeals for the First Circuit in Sun Capital Partners III, LP v. New England Teamsters and Trucking Industry Pension Fund (1st Cir., No. 16-1376, Nov. 22, 2019) (“Sun Capital IV”) reversed the district court’s...
By:
Akin Gump Strauss Hauer & Feld LLP
Related
In UDOT v. Target Corp. et al., 2020 UT 10, the Utah Supreme Court recently clarified the standard b...
Read More >
When a private equity (PE) firm acquires a closely held business, it is quite common for the seller ...
Read More >
Friday, April 3 was supposed to be the orderly launch of the CARES Act Paycheck Protection Program (...
Read More >
On August 30, 2019, Governor Gavin Newsom signed SB 778 into law. This bill not only clarifies certa...
Read More >
Construction project impacts from the COVID-19 pandemic are far-reaching and continuing to evolve. W...
Read More >
In Jacob Hasher Hindlin v. Lukasz Gottwald et al., C.A. No. 2019-0586-JRS (Del. Ch. July 22, 2020), ...
Read More >