Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Business Development Director

AimPoint Pension
(Remote / Pompano Beach FL / AL / GA)

AimPoint Pension logo

Retirement Plan Administrator

Bates & Company, Inc.
(Remote / Winter Park FL)

Bates & Company, Inc. logo

Regional Vice President of Sales

The Retirement Plan Company
(Remote / AL / FL / GA / MS)

The Retirement Plan Company logo

Defined Benefit Combo Cash Balance Compliance Consultant

Loren D. Stark Company (LDSCO)
(Remote)

Loren D.  Stark Company (LDSCO) logo

Director of 3(16) Operations

Compass
(Remote / NH / Hybrid)

Compass logo

Loan & Distribution Specialist

AimPoint Pension
(Remote)

AimPoint Pension logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile app icon
LinkedIn icon     Twitter icon     Facebook icon

Japanese Acquirer Resolves Pension-Related Liabilities of U.S. Subsidiary After Court Finds Jurisdiction
Skadden Link to more items from this source
Nov. 12, 2014

"The Asahi district court determined that Asahi had directed its activities at the United States by acquiring Metaldyne with prior knowledge of the pension liability issues, and that this was sufficient to establish personal jurisdiction over Asahi. The district court highlighted the fact that Asahi had hired a U.S. company to conduct due diligence on Metaldyne for the specific purpose of identifying Metaldyne's pension plan obligations,... Even if personal jurisdiction is found and controlled group liability is applied to a non-U.S. defendant, the PBGC may have difficulty collecting a judgment against the non-U.S. corporation if it has no assets in the United States other than a U.S.-based subsidiary that has filed for bankruptcy." [PBGC v. Asahi Tec Corp., No. 10-1936 (D.D.C. Oct. 4, 2013)]

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title).
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above).
© 2024 BenefitsLink.com, Inc.