Insurance
Dec. 12, 2022
Sheppard Mullin gets ERISA win for former grocery store
“The withdrawal liability provisions of ERISA are structured to impose liability on controlled groups and we were pleased that the court recognized that the pension fund’s attempt to show the required capital interest relied on a flawed valuation,” Sheppard Mullin Richter & Hampton business trial partner Robert J. Guite, who led the litigation, said in an email statement Friday.
A federal judge in Los Angeles granted summary judgment in favor of a former grocery store chain after a pension fund claimed withdrawal liability against the chain under the Employee Retirement Income Security Act.
“The withdrawal liability provisions of ERISA are structured to impose liability on controlled groups and we were pleased that the court recognized that the pension fund’s attempt to show the required capital interest relied on...
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