Subjecting Foreign Corps. To Personal Jurisdiction
In 2007, Japanese car-part manufacturer Asahi Tec Corp. (the parent) acquired U.S.-based Metaldyne Corp. Metaldyne subsequently filed for bankruptcy protection, but the parent declined to assume sponsorship of the Metaldyne pension plan (the plan) or to fund the plan’s outstanding liabilities.
The Pension Benefit Guaranty Corp. (PBGC) obtained a...
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