Successor Had Constructive Notice Of Withdrawal Liability, Judge Says

(January 2, 2019, 9:43 AM EST) -- TOLEDO, Ohio — The purchaser of a wire-forming company that had a $644,311 withdrawal liability to a multiemployer pension plan is liable to repay the amount because it had constructive notice of the liability at the time of the purchase, a federal judge in Ohio ruled Dec. 26 in granting partial summary judgment in favor of the plan (Members of the Board of the Administration of the Toledo Area UAW Retirement Income Plan v. OBZ Inc., et al., No. 15CV756, N.D. Ohio, 2018 U.S. Dist. LEXIS 215926)....

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