Blog Archives

Court finds a buyer of assets of a Maui hotel with union employees liable for the seller’s unfunded pension plan liability

A federal court of appeals recently held that the buyer of the assets of a hotel was required to pay seller’s unfunded union pension liability to its multiemployer pension plan. The buyer, a private equity group, entered into a purchase

Posted in federal multiemployer pension plan withdrawal liability, successor liability

Asset buyer of electrical contractor business may have liability for seller’s multiemployer pension plan withdrawal charges

The buyer in this case may end up being stuck with a liability of the seller, that the buyer did not assume in the asset purchase agreement, that is 2.5 times the amount the buyer paid the seller for the

Posted in federal multiemployer pension plan withdrawal liability, successor liability

Recent Comments

Categories