New York Federal Magistrate Advises $4.5 Million Fee For Pension Plan Withdrawal

Mealey's (February 14, 2017, 12:32 PM EST) -- CENTRAL ISLIP, N.Y. — A New York federal magistrate judge on Feb. 7 recommended that a federal judge require a trucking company to pay more than $4.5 million in withdrawal liability for allegedly withholding payments from multiemployer pension plan funds pending an arbitrator’s determination of the reasonableness of the amount (Thomas Gesualdi, et al. v. Scara-Mix Inc., No. 2:14cv765, E.D. N.Y., 2017 U.S. Dist. LEXIS 18059)....