Companies Mentioned

Visteon Corp.

Category
Title
Summary
Date
Commentaries
Employment Law

In Re Visteon Corp. : Plan Sponsor Cannot Unilaterally Terminate Retirement Benefits While in Bankruptcy
The U.S. Court of Appeals for the Third Circuit broke with the prevailing view in federal courts and held that a bankrupt employer cannot unilaterally terminate non-vested retiree benefits while in bankruptcy, even if it retained the contractual right to do so outside of bankruptcy. The decision in IUE-CWA v.…
Posted:
10/26/2010
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