US - The Pension Benefit Guaranty Corporation has announced it is moving to assume responsibility for the underfunded pension plan sponsored by Liam Ventures, a privately owned holding company headquartered in Chicago.
Liam Ventures is the successor firm to Farley Inc, which acquired a network of companies through junk-bond financing in the 1980s. The pension plan, which the PBGC estimates is 22% funded, cover...
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