Private Equity Funds ERISA Decision Is Reversed

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Private Equity Funds ERISA Decision Is Reversed
Paul Hastings LLP

Dec. 5, 2019

"While the court's decision is certainly welcome news for private equity and other investors, the court's decision to look beyond the form of entities chosen by the investors and determine whether a 'partnership-in-fact' existed means that the First Circuit might have reached a different conclusion on different facts." [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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