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Central States' Strategy: Litigate Less, Recoup More?
Bloomberg BNA June 7, 2016
"Once described by the U.S. Court of Appeals for the Seventh Circuit as a 'uniquely aggressive seeker of withdrawal payments,' the fund filed 52 lawsuits in 2011 seeking withdrawal liability payments. By 2015, this dropped 35 percent, to 34.... Despite the decline in lawsuits, Central States has seen the actual dollar amount of withdrawal liability collected increase from $171 million in 2011 to $548 million in 2015 ... [One] significant factor ... is that in October 2011, the [PBGC] granted Central States' application for approval of a new alternative method of determining withdrawal liability -- the 'hybrid' method."
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