Ruling on Pension Fund Debt Could Shake Up Private Equity Industry
ByLibby Lewis is a journalist who has written about the private equityindustry for the Edmond J. Safra Center for Ethics at Harvard.
It did not receive much notice, but a decision by a federal judge in Massachusetts has reverberated loudly through the private equity industry.
Late last month, Judge Douglas P. Woodlock of the United States District Court in Massachusetts found that two private equity funds were jointly liable for the pension fund debt of one of the companies they acquired.
“The private equity world is all over this,” said Paul Secunda, a labor law and employee benefits expert at Marquette University Law School. “For everybody else, it’s like, what’s the big deal?”…
Ruling on Pension Fund Debt Could Shake Up Private Equity Industry
