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Sun Capital Partners On Remand: District Court Rules That Related Funds Formed A Partnership-In-Fact Engaged In A Trade Or Business
In a recent decision with important implications for private equity funds and their sponsors, the U.S. District Court for the District of Massachusetts concluded that two private equity funds with the same sponsor, investing together in a distressed portfolio company, can be held liable for pension liabilities incurred by the company under ERISA.
United States
6 Apr 2016
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