Equity Funds Must Pay $4.5 Million Withdrawal Liability Fee To Pension Fund

Mealey's (March 31, 2016, 2:10 PM EDT) -- BOSTON — A Massachusetts federal judge on March 28 concluded that two limited partnership private equity funds were under common control of a bankrupt subsidiary and, therefore, were liable to pay that firm’s pro rata share of unfunded vested benefits, totaling $4.5 million, which it owed to a multiemployer pension fund from which it withdrew (Sun Capital Partners III LP, et al. v. New England Teamsters and Trucking Industry Pension Fund, No. 1:10-cv-10921, D. Mass.; 2016 U.S. Dist. LEXIS 40254).

(Memorandum and order available. Document #54-160413-062Z....
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