Employers Beware: Delaware Court’s Ruling in Yellow Case Could Mean Greater Pension Withdrawal Liability
In a Delaware bankruptcy court decision issued on September 13, Judge Goldblatt ruled that bankrupt employer Yellow Corp. must pay at least a portion of $6.5 billion in pension liabilities to 11 multiemployer pension plans (MEPPs). Following the court’s ruling, employers should prepare to face liability for withdrawing from an MEPP that received federal relief […]