Liquidation Lessons From 11th Circ. Pension Plan Ruling
By James Bentley, Nancy Gerrie and Scott Landau ( January 20, 2021, 4:23 PM EST) -- In Pension Benefit Guaranty Corp. v. 50509 Marine LLC et al.[1] the U.S. Court of Appeals for the Eleventh Circuit held that the Pension Benefit Guaranty Corp. can recover an employer's defined benefit pension plan termination liability — often millions of dollars — from controlled group members that did not even exist when the contributing employer liquidated years earlier.[2]...
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