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SCOTUS Asked to Hear $30M Suit by Feds Over Findlay Pension

April 3, 2019, 2:41 PM

Companies connected to defunct auto parts maker Findlay Industries asked the U.S. Supreme Court to reverse a decision that would allow them to be liable for $30 million in Findlay’s pension liabilities.

The justices should address the “growing line of cases” in which federal appeals courts have expanded the universe of entities that can be liable for pension obligations, September Ends Co. and Back in Black Co. said in an April 2 petition. These cases have adopted principles of successor liability that “far exceed anything enacted by Congress or recognized at common law,” the companies said.

The companies object to ...

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