As a general rule, an asset purchaser does not assume the seller’s liabilities, including its ERISA obligations. Courts, however, have formulated an exception to this general rule via the doctrine of successor liability. ...more
Approximately a quarter of the workforce covered by a traditional pension plan is in a multiemployer plan, according to the U.S. Bureau of Labor Statistics. Many manufacturers that participate in such plans are unaware their...more
12/9/2020
/ Bureau of Labor Statistics ,
Collective Bargaining ,
Employee Benefits ,
Employee Retirement Income Security Act (ERISA) ,
Employer Contributions ,
Manufacturers ,
Multi-Employer Pensions ,
PBGC ,
Pensions ,
Unions ,
Withdrawal Liability