Topic: Retirement Plans

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 »

JD Supra Corporate Brief: Proxy Litigation, Data Collection, Confidentiality Clause, Mobile Payments

On this day in 1701, the trading post at Fort Pontchartrain du Détroit was founded. Nearly 312 years later to the day, the city it became – Detroit, Michigan – filed the country’s largest municipal bankruptcy… What’s new in say-on-pay trends and proxy litigation? Quite a bit, actually… (Skadden) Protect your company’s information from a… Read more »