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In a decision that could have far-reaching implications if more large American companies file for bankruptcy, the 3rd Circuit has ruled that multiple pension plans should be considered in the aggregate for purposes of reorganization under Chapter 11. In the opinion for , Judge Marjorie O. Rendell wrote that the case raises among the circuit courts an issue of first impression involving Chapter 11 debtors seeking to terminate multiple pension plans simultaneously.

Popularity: 1% [?]

In a decision that could have far-reaching implications if more large American companies file for bankruptcy, the 3rd Circuit has ruled that multiple pension plans should be considered in the aggregate for purposes of reorganization under Chapter 11. In the opinion for , Judge Marjorie O. Rendell wrote that the case raises among the circuit courts an issue of first impression involving Chapter 11 debtors seeking to terminate multiple pension plans simultaneously.

Popularity: 1% [?]