Supervalu Defeats Funds’ Bid to Collect $5M in Pension Liability

Supervalu Holdings Inc. defeated an attempt by two Illinois pension funds to hold it liable for $5 million in pension liability assessed against a distribution center operated by bankrupt Central Grocers Inc.

The funds’ request to modify the distribution center’s sale in order to preserve their right to bring Employee Retirement Income Security Act claims against Supervalu as successor must be dismissed, Judge Robert M. Dow of the U.S. District Court for the Northern District of Illinois held June 25. The funds failed to seek or obtain a stay of the sale before it closed in September 2017, Dow ...