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First Circuit Hands Down Significant Private Equity Ruling in Sun Capital Litigation
Faegre Drinker 
Dec. 3, 2019 "The court's conclusions appear to be based, at least in part, on the clear disincentive a decision imposing liability would create with respect to 'much-needed private investment in underperforming companies with unfunded pension liabilities.' " [Sun Capital Partners III, LP v. New England Teamsters & Trucking Industry Pension Fund, Nos. 16-1376, 19-1002 (1st Cir. Nov. 22, 2019)] MORE >> |
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