Multiemployer Pension Funds Lose Arbitration Bids In Bankruptcy Cases

( April 12, 2024, 1:01 PM EDT) -- WILMINGTON, Del. — Denying multiemployer funds’ motions to compel arbitration over purported withdrawal liability totaling $7.8 billion, a Delaware federal bankruptcy judge ruled that the claims in the Chapter 11 cases of trucking company Yellow Corp. and its affiliates “should be liquidated through the claims allowance process in this Court” and that the Pension Benefit Guaranty Corp. (PBGC) “raises important questions, but they are premature.”...

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