Asahi Can't Escape $175M Pension Suit On Jurisdiction

Law360, New York (March 15, 2012, 2:59 PM EDT) -- A Washington federal judge on Wednesday dealt a major blow to Japanese car part manufacturer Asahi Tec Corp., parent of bankrupt Metaldyne Corp., saying a $175 million lawsuit over Metaldyne's pension obligations could go forward because the court had jurisdiction to hear the matter.

U.S. District Judge Amy Berman Jackson denied Asahi's motion to dismiss for lack of jurisdiction, saying the court could exercise specific jurisdiction over the foreign corporation because Asahi had purposefully directed activity towards the U.S. when it acquired Metaldyne in 2007, the...
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