In a decision published on November 22, 2019, the First Circuit reversed a district court’s prior decision and held two Sun Capital private equity funds were not liable for the withdrawal liability incurred when a...more
12/12/2019
/ Commercial Bankruptcy ,
Compensation & Benefits ,
Employee Benefits ,
Employee Retirement Income Security Act (ERISA) ,
Joint and Several Liability ,
Multiemployer Plan ,
Pensions ,
Portfolio Companies ,
Private Equity Funds ,
Reversal ,
Sun Capital Partners ,
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. ...more
12/2/2019
/ Employee Retirement Income Security Act (ERISA) ,
Investment Portfolios ,
Multiemployer Plan ,
Partnerships ,
Pensions ,
Private Equity ,
Reversal ,
Sun Capital Partners ,
Teamsters ,
Trucking Industry ,
Vacated ,
Withdrawal Liability