Pension Plan Withdrawal Liability Takes Center Stage in Bankruptcy Judge's "Preliminary Observations"
By EsqSocial Corporation 16/04/25
A recent decision from the Bankruptcy Court for the District of Delaware in In re Yellow Corp. could have widespread implications for bankruptcy cases, including municipal bankruptcy cases. Of particular interest, the Judge determined: Settlement of a claim to which a third party has filed an objection is subject to a heightened standard of review; The bankruptcy code’s disallowance of post-petition interest applies to claims accelerated pre-petition; Where future payments include an interest...
By: Kramer Levin Naftalis & Frankel LLP