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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.