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Supreme Court Requests Advice on Puerto Rico Pension Case
Pensions & Investments June 26, 2019
"The Supreme Court is asking for the opinion of the U.S. solicitor general on whether it should consider a petition from the Roman Catholic Archdiocese of San Juan, Puerto Rico, to decide if courts can override a religious organization's legal structure and force affiliates to face joint and several pension liability as a single entity. The archdiocese filed for bankruptcy protection in August after receiving a $4.7 million judgment in a case brought by pension plan participants against the Superintendence of Catholic Schools of the Archdioceses of San Juan."
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