#PBGC

@theactualtuckfrump.bsky.social

5 months ago

Yellow’s $6.5 Billion Pension Loss Marks Victory for PBGC (1) Yellow Corp.'s failed bid to slash around $6.5 billion in pension withdrawal liabilities is a significant win for one federal regulator, even as the underlying legal issue is up for a possible revisit...

Interesting win on appeal in a #bankruptcy litigation between the trucking company Yellow and the Pension Benefit Guarantee Corporation #PBGC - court determined that bailout funds do not need to be counted when computing pension withdrawal liability:

news.bloomberglaw.com/bankruptcy-l...

Posts tagged #PBGC