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John Wasty, John Riihiluoma, Lalita Vaswani and Sam Riihiluoma, Appleby
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Chul Man Kim, Sun Kyoung Kim, Sy Nae Kim and Woo Suk Jung, Yulchon LLC
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Abhishek Tripathi and Mani Gupta, Sarthak Advocates & Solicitors
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Heidi Chui, Stevenson, Wong & Co
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Hajime Ueno, Masaru Shibahara and Hiroki Nakamura, Nishimura & Asahi
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Rabindra S Nathan, Shearn Delamore & Co
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Swee Siang Boey, Vani Nair, Selina Toh and Suchitra Kumar, RPC Premier Law
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Nuo Ji, Lingqi Wang, Jessica Li and Sylvia Zhang, Fangda Partners
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This article was originally published in Law360. Any opinions in this article are not those of Winston & Strawn or its clients. The opinions in this article are the authors' opinions only.
In Pension Benefit Guaranty Corp. v. 50509 Marine LLC et al.[1] the U.S. Court of Appeals for the Eleventh Circuit held that the Pension Benefit Guaranty Corp. can recover an employer's defined benefit pension plan termination liability--often millions of dollars--from controlled group members that did not even exist when the contributing employer liquidated years earlier.[2]