Good News for Private Equity Funds – US District Court Decides that PBGC Opinion on ERISA Aggregation Does Not Control

November 05, 2012

Private-equity and similar funds sometimes invest in portfolio companies that may have significant liabilities under the Employee Retirement Income Security Act of 1974 (“ERISA”) and the employee-benefits provisions of the Internal Revenue Code of 1986 (the “Code”). For example, a company may have a substantially underfunded defined benefit pension plan, or significant potential withdrawal liability under a multiemployer pension plan.

Read “Good News for Private Equity Funds – US District Court Decides that PBGC Opinion on ERISA Aggregation Does Not Control.”