US - The Pension Benefit Guaranty Corporation (PBGC) has assumed responsibility for the underfunded pension plan covering about 460 employees and retirees of bankrupt law firm Coudert Brothers LLP.
The PBGC stepped in because New York based Coudert Brothers, missed US$2.2m in required pension contributions and the pension plan will now be abandoned as a result of the firm's dissolution. PBGC...
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