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PENSION BENEFIT GUARANTY CORPORATION v. ASAHI TEC CORPORATION
Case Number:
1:10-cv-01936
Court:
Nature of Suit:
Judge:
Firms
Government Agencies
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November 04, 2014
Asahi Settles PBGC's Metaldyne Pension Case For $40M
Asahi Tec Corp. has agreed to pay $39.5 million to put an end to litigation brought by the Pension Benefit Guaranty Corp. seeking to hold the Japanese car parts manufacturer liable for pension obligations tied to the bankruptcy of its Metaldyne Corp. unit, according to a Tuesday statement.
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March 15, 2012
Asahi Can't Escape $175M Pension Suit On Jurisdiction
A Washington federal judge on Wednesday dealt a major blow to Japanese car part manufacturer Asahi Tec Corp., parent of bankrupt Metaldyne Corp., saying a $175 million lawsuit over Metaldyne's pension obligations could go forward because the court had jurisdiction to hear the matter.