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Results: 11-20 of 1,151

Weathering the storm: Third Circuit rules regardless of plan reservation of rights language, bankruptcy debtor must comply with the Bankruptcy Code to amend, modify or eliminate retiree benefits
  • Haynes and Boone LLP
  • USA
  • September 24 2010

Once a company files a Chapter 11 bankruptcy petition (to sell its assets, reorganize or liquidate), Bankruptcy Code 1114 sets forth a detailed procedure for the employer to follow to modify or terminate certain retiree benefits


Fraudulently Obtained Unemployment Benefits are not Dischargeable in Bankruptcy
  • Foster Swift Collins & Smith PC
  • USA
  • August 26 2016

State unemployment benefits are paid pursuant to a system that relies on trust. Benefits are paid based on representations made by claimants that they


Restructuring Liquidation Preferences
  • Wilmer Cutler Pickering Hale and Dorr LLP
  • USA
  • August 16 2016

Job candidates may choose to work for a startup to help build something new, to work in an environment that fosters and rewards creativity, or to get


Asset Buyers Beware: PBGC Attempts to Hold Asset Buyer Liable for Seller’s Underfunded Single Employer Pension Plan Termination Liabilities
  • Paul Hastings LLP
  • USA
  • February 1 2017

A federal district court recently rejected the Pension Benefit Guaranty Corporation’s attempt to hold a buyer of assets liable for the seller’s


Japanese parent liable for unfunded benefits in subsidiary employer’s plan
  • Haynes and Boone LLP
  • USA
  • October 25 2013

An employer that sponsors a single-employer defined benefit pension plan was acquired by a Japanese parent. The employer entered into bankruptcy and


Despite earlier ruling, Stockton Judge confirms plan leaving pension obligations intact
  • Kelley Drye & Warren LLP
  • USA
  • November 6 2014

One month ago, Judge Christopher Klein ruled in the city of Stockton, CA bankruptcy case that public employee pension obligations can be impaired in


The Seventh Circuit interprets Wisconsin exemption law on college savings accounts and retirement annuities, but did it have jurisdiction? (part 2 of 2)
  • Foley & Lardner LLP
  • USA
  • January 21 2015

As we explained in a post yesterday, the Seventh Circuit in In re Bronk (Cirilli v. Bronk), No. 13-1123 (7th Cir. Jan. 5, 2015), made some new law on


The Seventh Circuit interprets Wisconsin exemption law on college savings accounts and retirement annuities, but did it have jurisdiction? (part 1 of 2)
  • Foley & Lardner LLP
  • USA
  • January 20 2015

In re Bronk (Cirilli v. Bronk), No. 13-1123 (7th Cir. Jan. 5, 2015), resolved a couple of “questions of first impression,” slip op. at 1, under


Significant multiemployer and single employer benefit rule changes take effect
  • Proskauer Rose LLP
  • USA
  • January 20 2015

On December 16, 2014, President Obama signed into law the $1.1 trillion Consolidated and Further Continuing Appropriations Act of 2015


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