The Seventh Circuit recently issued an important decision imposing personal liability on individuals for certain debts of their company pursuant to ERISA’s controlled group rules. In Local 705 Int’l Broth. of Teamsters...more
7/12/2021
/ Commercial Leases ,
Employee Retirement Income Security Act (ERISA) ,
ERISA Litigation ,
Joint and Several Liability ,
Passive Investments ,
Pension Funds ,
Personal Liability ,
Real Estate Investments ,
Rebuttable Presumptions ,
Statutory Damages ,
Withdrawal Liability
Under ERISA, withdrawal liability disputes are subject to mandatory arbitration. The parties are tasked with mutually selecting the arbitrator, but if they reach an impasse in the selection process, a federal district court...more