High Court Denies Review Of Pension Plan Dissolution Lawsuit

Mealey's (October 4, 2021, 1:24 PM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court on Oct. 4 let stand an 11th Circuit U.S. Court of Appeals ruling that held that a district court properly entered summary judgment for the Pension Benefit Guarantee Corp. (PBGC) because the owner of a dissolved company and his related companies were liable for failing to inform the PBGC of the dissolution of the company and the subsequent termination of the dissolved company’s pension plan....