Don't Ignore Successor Liability For Pension Plan Withdrawal

Don't Ignore Successor Liability For Pension Plan Withdrawal

Apr 04, 2019

Article

Co-author, Law360, April 4, 2019

Unfunded pension withdrawal liability is one of the lesser known types of liability. Some employers are not prepared for the large amounts that can arise, and even worse, others simply do not know it may exist. Recently, courts have also found successor purchasers responsible for their predecessors’ withdrawal liability, increasing the need to be aware of and proactively address potential withdrawal liability when engaging in asset purchases.

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