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Results: 1-10 of 63

Court allows creditor to garnish top-hat plan benefits

  • Winston & Strawn LLP
  • -
  • USA
  • -
  • April 18 2013

In Sposato v. First Mariner Bank, 2013 WL 1308582 (D. Md. March 29, 2013), a federal district court allowed the creditor (First Mariner Bank) of a

What matters: A review of 2011 and 2012

  • Kramer Levin Naftalis & Frankel LLP
  • -
  • USA
  • -
  • April 1 2013

As you know, the last two years have seen a somewhat improved, but by no means robust, business climate. At the same time, structural shifts in the

Nortel reaches settlement with retirees

  • Proskauer Rose LLP
  • -
  • USA
  • -
  • March 11 2013

In In re: Nortel Networks Inc., No. 1:09-bk-10138 (Bankr. D. Del. 2013), Nortel Networks Inc. reached a settlement with over 3,000 of its retired

U.S. Supreme Court declines review of ruling in Fifth Circuit ERISA preemption case

  • Haynes and Boone LLP
  • -
  • USA
  • -
  • March 8 2013

The U.S. Supreme Court recently denied a petition for writ of certiorari by United Healthcare Insurance Company ("UHC"), which had requested judicial

Steel cage match between Calpers and bond investors continues in San Bernardino Chapter 9 case

  • Kelley Drye & Warren LLP
  • -
  • USA
  • -
  • January 8 2013

The battle in California municipal bankruptcies between bond investors and Calpers, the California public employee pension system, began in the Stockton

Court rejects CalPERS’ efforts to lift stay in San Bernardino case

  • Cadwalader Wickersham & Taft LLP
  • -
  • USA
  • -
  • January 2 2013

In a ruling predicted by the Restructuring Review Blog last month, Judge Meredith A. Jury of the U.S. Bankruptcy Court for the Central District of

California dreaming? CalPERS seeks payment in full of all pension obligations during pendency of San Bernardino’s Chapter 9 case

  • Cadwalader Wickersham & Taft LLP
  • -
  • USA
  • -
  • December 10 2012

California has seen a string of three Chapter 9 filings this year and faces a long line of distressed municipalities

Investment funds not liable for portfolio company's underfunded pension liability under federal court ruling

  • Proskauer Rose LLP
  • -
  • USA
  • -
  • December 3 2012

On October 18, 2012, the U.S. District Court for the District of Massachusetts ruled that two private equity investment funds managed by Sun Capital Partners, Inc. were not liable for their bankrupt portfolio company's multiemployer pension plan withdrawal liability (Sun Capital Partners III, LP v. New England Teamsters and Trucking Industry Pension Fund, Civ. Action No. 10-10921-DPW (D. Mass. Oct. 18, 2012

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

Liability for fiduciary breach not dischargeable in personal bankruptcy

  • Haynes and Boone LLP
  • -
  • USA
  • -
  • November 19 2012

The Department of Labor sued the president of several related companies to establish his personal liability for more than $67,000 in employee contributions never remitted to the employer sponsored benefit plans and to prevent him from discharging this liability in his pending personal bankruptcy action

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