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Better Markets Urges SCOTUS to Take Private Equity Pension Case

Sept. 15, 2020, 6:52 PM

Financial advocacy nonprofit Better Markets Inc. called on the U.S. Supreme Court to reverse a decision shielding private equity funds from liability for the pension obligations of the portfolio companies in which they invest.

The organization filed a brief supporting a Teamsters pension plan’s effort to have the justices hear a dispute with private equity funds tied to Sun Capital Advisors Inc.

“Unless reviewed and reversed by this Court,” the U.S. Court of Appeals for the First Circuit’s 2019 decision favoring the Sun Capital funds “will increase the likelihood that multiemployer pension plans will face shortfalls requiring a backstop by...

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