Sun Capital Partners III, LP, et al v. New England Teamsters & Trucki, et al
Case Number:
19-1002
Court:
Nature of Suit:
3791 Empl. Ret. Inc. Security Act
Companies
Sectors & Industries:
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November 25, 2019
1st Circ Axes $9.4M Award To Pension Fund In PE Case
A First Circuit panel has vacated a $9.38 million award to a Teamsters pension fund in a case against Sun Capital Partners Inc., saying the private equity firm isn't responsible for $4.5 million in pension debt of a business two of its hedge funds invested in.
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October 07, 2019
Frustrated 1st Circ. Seeks Guidance In Pension Fund Suit
A frustrated First Circuit asked Monday why it had not been given any guidance from the Pension Benefit Guaranty Corp. in determining whether two Sun Capital private equity funds owe a Teamsters pension fund $9.38 million after a metals manufacturer went bankrupt and stopped making pension contributions.