We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Steel Co. To Pay Pension Funds $4M In ERISA Suit

Law360 (April 20, 2009, 12:00 AM EDT) -- A bankrupt California construction company has been ordered to pay several pension funds for ironworkers nearly $4 million to resolve a suit alleging that the company failed to make required payments to the funds.

Judge Percy Anderson of the U.S. District Court for the Central District of California entered the judgment against NJR Steel Inc. and its president and sole shareholder, Nicolas Jimenez, on Friday. The parties had filed a joint stipulation for judgment earlier in the week.

The $3.97 million award represents unpaid fringe benefit...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.