Federal Bankruptcy Judge Upholds PBGC Regulations In Withdrawal Liability Row

(September 27, 2024, 8:57 AM EDT) -- WILMINGTON, Del. — Ruling on four partial summary judgment motions in the Chapter 11 cases of trucking company Yellow Corp. and its affiliates over $6.5 billion in withdrawal liability, a Delaware federal bankruptcy judge rejected challenges to two Pension Benefit Guaranty Corp. (PBGC) regulations regarding federal funds awarded to multiemployer pension plans....