Supreme Court Won't Hear $4.5M Sun Capital Debt Appeal

Law360, New York (March 3, 2014, 2:00 PM EST) -- The U.S. Supreme Court on Monday declined to hear an appeal from Sun Capital Partners Inc. aimed at overturning a circuit court's decision that it could be held liable for a bankrupt metal manufacturing company's $4.5 million debt.

Filed in November, the appeal challenged a July ruling by the First Circuit, which found that two of the private equity investment company's funds could be considered businesses under the Employee Retirement Income Security Act, which made them liable for Scott Brass Inc.'s debts after they acquired the...
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