“When a business becomes insolvent, many interests are at risk. Creditors may not be able to recover their debts, investors may lose their investments and employees may lose their jobs. If the business is the sponsor of an...more
- Benefit Plan Sponsors Commercial Bankruptcy Fiduciary Duty Indalex Pension Benefits Act Pensions Secured Creditors United Steelworkers
This is another post-Indalex pension deficit priority case. Due to factual differences from Indalex, however, the pension claims were largely rejected. In the fall of 2008, Northern Sawmills Inc. idled its operations and laid...more
- Constructive Trusts Defined Benefit Plans Insolvency Pensions Receivership
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