In welcome news for private equity funds, a recent district court opinion determined that two PE funds and their bankrupt portfolio company were not a "controlled group" and thus the PE funds were not responsible for pension liabilities at the portfolio company.
http://www.jdsupra.com/legalnews/limiting-private-equity-fund-exposure-to-54615/
http://www.jdsupra.com/legalnews/limiting-private-equity-fund-exposure-to-54615/
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