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Mealeys

Mealey's Labor & Employment - Dissolved Company Owner, Related Entities Are Liable For Pension Plan's Termination

WEST PALM BEACH, Fla. - A Florida federal judge on Nov. 22 granted a motion for partial summary judgment filed by the Pension Benefit Guarantee Corp. (PBGC) after determining that the owner of a dissolved company and his related companies are liable for failing to inform the PBGC of the dissolution of the company and the subsequent termination of the dissolved company's pension plan (Pension Benefit Guaranty Corp. v. 20 SE 3rd St, LLC, et al., No. 18-81009, S.D. Fla., 2019 U.S. Dist. LEXIS 203036).
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