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Third Circuit Affirms $96 Million Withdrawal Liability Award
Tucker Arensberg, P.C. 
Sept. 3, 2021 "In a major win for the Steelworkers Pension Trust, the U.S. Court of Appeals for the Third Circuit upheld an award totaling $96 million in withdrawal liability and additional statutory penalties against the Renco Group, Inc.... The key lesson from this case is the importance of multiemployer pension plans thoroughly investigating controlled group liability." [Steelworkers Pension Trust v. The Renco Group, Inc., Nos. 19-3499, 19-3504 and 19-3507 (3d Cir. Aug. 26, 2021)] MORE >> |
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