Beware: Purchase agreements may amend benefit plans
Posted On: Nov. 29, 2011 12:00 AM CSTThis blog post examines what happens to the health benefits promised to retirees of one company after it has been acquired by another firm. An appellate court has ruled that the purchase agreement may have inadvertently amended the acquired company’s employee benefit plans, which could trigger lawsuits by employees who feel they’ve been wronged. Read the post.