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ERISA Pension Plan Liability: 10th Circuit Rules in Favor of Foreign Parent of U.S. Subsidiary
Ogletree Deakins 
July 3, 2020 "[If] a foreign member of the company's controlled group is not engaged in trade or business in the United States, its overall contacts with the United States are minimal, and it has not participated in that company's day-to-day operations, particularly as it relates to the establishment, funding, and/or administration of the pension plan, U.S. federal or state courts will lack personal jurisdiction over the foreign member. Consequently, U.S. courts will generally dismiss any collective action against the foreign member, and the foreign member will likely avoid ERISA pension liability." [GCIU-Employer Retirement Fund v. Coleridge Fine Arts, No. 19-3161 (10th Cir. Apr. 6, 2020)] |
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