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Illinois Federal Court Holds that a Pension Rehabilitation Plan Fund Used an Improper High-Contribution Rate in Withdrawal Liability Calculations | Littler

On March 29, 2024, the U.S. District Court for the Northern District of Illinois issued its decision in Central States, Southeast and Southwest Areas Pension Fund v. Event Media, Inc..

United statesAreas pension fundEvent media incUs district courtNorthern districtCentral statesSouthwest areas pension fundCentral stateHighest contributionEmployee retirement income security actMultiemployer pension plan amendments actPension protection actMultiemployer pension reform actEvent media

PBGC Says Central States Will Reimburse SFA Overpayment

Central States is currently working with the DOJ to negotiate the repayment of a $127 million overpayment from the PBGC.

United statesGordon hartogensisOffice of the inspectorCivil division of the department justiceHouse subcommittee on healthPension benefit guaranty corporationDepartment of justiceFinancial assistance programAreas pension fundDepartment of justice civil divisionUs house committee on educationSpecial financial assistance programCentral statesSouthwest areas pension fundInspector generalCivil division

PBGC Responds to House Republicans Subpoena on Central States Overpayment

According to the PBGC, the DOJ is working with Central States to secure the repayment.

United statesGordon hartogensisDepartment of justiceAreas pension fundDepartment of justice civil divisionUs house committee on educationOffice of the inspectorFinancial assistance programPension benefit guaranty corporationHouse subcommittee on healthCivil division of the department justiceSpecial financial assistance programCentral statesSouthwest areas pension fundInspector generalCivil division

Yellow bankruptcy auction raises $1 9 billion for Wall Street

Yellow’s asset auction raised more than enough funds to pay off its nearly $1.6 billion in debt.

United statesSherrod brownBernie sandersJack cooperElizabeth warrenTom nyhanAreas pension fundTeamsters central states pension fundFreight wavesEstes expressNations capitalLiquidating yellowOld dominionTeamsters central states pensionCentral statesSouthwest areas pension fund

Yellow Corp Shareholders Are Expecting A Significant Recovery - Are They Right?

Yellow Corp Shareholders Are Expecting A Significant Recovery - Are They Right?
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United statesCraigt goldblattJack cooperArmando riveraKirkland ellisSarah amicoOld dominion freight lineInternational brotherhood of teamstersAreas pension fundUs senatePension benefit guaranty corporationYellow corporationHealth fundsMichelin north america incCommittee of unsecured creditorsRitchie bros