Topic: Pensions

JD Supra Corporate Brief: FTC Approval, Gray Market, Personal Email, Say-on-Pay Lawsuits

Haven’t signed up yet for email delivery of the JD Supra Corporate Brief? What on earth are you waiting for? Why would a buyer want FTC blessing of an acquisition that falls below the HSR reporting threshold? (Perkins Coie) It’s not smoke and mirrors: gray market goods have indeed gotten a little less gray… (Quinn… Read more »

Is a Private Equity Fund Responsible for the Pension Obligations of a Bankrupt Portfolio Company?

“… the First Circuit found that the Sun Capital fund having a 70 percent ownership interest in SBI had ‘undertaken activities as to the [Scott Brass Inc. (SBI)] property,’ became ‘actively involved in the management and operation’ of SBI, and that the general partners of the funds had authority to make decisions about ‘hiring, terminating,… Read more »

Detroit Bankruptcy: Restructuring $18 Billion of Debt Will Be Long and Challenging…

[Link: Harvey Miller: Detroit Will Be In Bankruptcy “For A Long Time” – Bloomberg Law] It’s on. Last week, a federal judge gave the city of Detroit the go-ahead to proceed with its $18 billion bankruptcy case. An important step, but just the first of many in what promises to be a lengthy process sorting through… Read more »