Sun Capital Ditches Pension Fund's $4.5M Claims

Law360, New York (October 24, 2012, 3:53 PM EDT) -- A Massachusetts federal judge has ruled that private fund firm Sun Capital Partners was not obligated to pay roughly $4.5 million in withdrawal liability to a New England trucking industry pension fund group on behalf of a former portfolio company that went bankrupt.

U.S. District Judge Douglas P. Woodlock said Oct. 18 that Sun Capital was not a trade or business in the sense of the Employee Retirement Income Security Act and therefore was not responsible for paying the withdrawal liability of brass and copper coil...
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