Justices Urged To Tackle Teamsters, Sun Capital ERISA Suit
Law360 (September 15, 2020, 8:09 PM EDT) -- A financial reform group is backing a Teamsters pension fund's petition for U.S. Supreme Court review of a First Circuit decision that nixed the pension fund's win on a $9.4 million withdrawal liability tab, saying the circuit court misinterpreted ERISA.
Better Markets Inc., a nonprofit that advocates for the public interest in financial markets, said in its amicus brief Monday that the First Circuit shouldn't have let Sun Capital Partners III LP private equity funds off the hook for a $9.4 million judgment in the New England Teamsters & Trucking Industry Pension Fund's Employee Retirement Income Security Act suit.
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