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Results: 11-20 of 124

Supreme Court of Canada hears appeal of Re Indalex Limited

  • Osler Hoskin & Harcourt LLP
  • -
  • USA
  • -
  • July 16 2012

On Tuesday, June 5, 2012 the Supreme Court of Canada heard an appeal of the Ontario Court of Appeal’s decision in Re Indalex Limited (“Indalex”

Third Circuit concludes that employees’ unvested retiree benefits are protected during an employer’s Chapter 11 bankruptcy

  • Proskauer Rose LLP
  • -
  • USA
  • -
  • September 3 2010

In re Visteon Corp., No. 10-1944-cv, 2010 WL 2735715 (3d Cir. July 13, 2010), the Third Circuit held that Visteon Corporation (Visteon) could not terminate unvested retiree health and life insurance benefits during a Chapter 11 bankruptcy without seeking court approval pursuant to Bankruptcy Code 1114, 11 U.S.C. 1114

Department of Labor proposes rule to speed distributions to participants of plans sponsored by bankrupt companies

  • Haynes and Boone LLP
  • -
  • USA
  • -
  • December 22 2012

The U.S. Department of Labor's Employee Benefits Security Administration announced a proposed rule that would expand its Abandoned Plan Program to include

Bankruptcy estate does not avoid control group status for withdrawal liability

  • Hodgson Russ LLP
  • -
  • USA
  • -
  • February 28 2012

In 1999, Michael Cappy filed for bankruptcy protection

Debtors may not be able to keep the KEIP

  • Lowenstein Sandler LLP
  • -
  • USA
  • -
  • August 30 2012

In two recent decisions, the United States Bankruptcy Court for the Southern District of New York denied motions by large chapter 11 debtors to approve executive bonus plans designated as key employee incentive plans ("KEIP"), finding that the proposed KEIPs actually were disguised and impermissible retention or "pay to stay" bonus plans for insiders

Stockton, California, ruling: bankruptcy court powerless to prevent retiree benefit reductions by municipal debtor

  • Jones Day
  • -
  • USA
  • -
  • December 1 2012

Amid the economic hardships brought upon us by the Great Recession, the plight of cities, towns, and other municipalities across the U.S. has received a significant amount of media exposure

PBGC issues final PPA regulation on terminating plans in bankruptcy

  • Jones Day
  • -
  • USA
  • -
  • August 18 2011

On June 13, the Pension Benefit Guaranty Corporation ("PBGC") released a final rule that, in most cases, will reduce the amount of pension benefits guaranteed under the agency's single-employer insurance program when a pension plan is terminated in a bankruptcy case

Inherited IRAs exempt from bankruptcy estate? Maybe; maybe not

  • Hodgson Russ LLP
  • -
  • USA
  • -
  • June 29 2010

What is an inherited IRA?

Court ruling establishing "common control" applied to earlier withdrawal liability

  • Kelley Drye & Warren LLP
  • -
  • USA
  • -
  • February 6 2012

Michael Cappy operated a number of businesses, including SCOFBP, MCRI, and MCOF. SCOFBP operated a lumber yard in O’Fallon, Missouri

Lenders subordinated to pension debt according to recent case

  • Latham & Watkins LLP
  • -
  • USA
  • -
  • November 30 2011

The Court of Appeal in England has unanimously upheld a first instance decision that a Financial Support Direction (FSD) issued by the Pensions Regulator to an entity after it has commenced insolvency proceedings will rank as an expense of the administration, therefore affording it superpriority over floating charge holders and other unsecured creditors