Benefit Plans in M&A: Transitioning Pension, Savings and Welfare Plans

Best Practices to Avoid Liability for Underfunding, Plan Defects and Unintended Benefits

A live 90-minute CLE webinar with interactive Q&A


Tuesday, May 16, 2017
1:00pm-2:30pm EDT, 10:00am-11:30am PDT


This CLE webinar will provide perspectives and experiences to help counsel navigate through employee benefit issues in mergers and acquisitions that are often overlooked and that can materially affect the value of a transaction. To avoid unexpected liability, benefits counsel must be familiar with the complicated rules that apply to the transition of benefits and be proficient in implementing them.

Description

Because of their potential significant cost, the treatment of employee benefits is typically one of the key components of any merger and acquisition activity. Counsel must identify potential liabilities when transitioning employee benefit plans, avoid unanticipated liabilities and understand how the benefit plan liabilities will affect the transaction.

Among other important topics covered will be the treatment of single-employer defined-benefit pension plans. Such plans often carry significant unfunded termination liabilities that can impact the acquirer’s balance sheet and produce joint and several liabilities for the controlled group of the plan sponsor.

Employers will also be faced with liabilities stemming from subsidized health and life insurance benefits for retirees. Disputes over such retiree welfare benefits have resulted in significant litigation over the past two decades. If such plans are improperly amended or terminated, employers can be exposed to substantial liability.

Listen as our experienced panelists provide best practices for avoiding significant M&A liabilities with regard to benefits subject to ERISA. Participants in this CLE webinar will come away with the information and perspectives crucial to ensuring this important issue is addressed appropriately.

Benefits

The panel will review these and other key issues:

  • What are the potential liabilities when transitioning employee benefit plans?
  • What are best practices to avoid unanticipated liabilities?
  • How will the benefit plan liabilities affect the transaction?

Faculty

Michael R. Bergmann, Counsel
Skadden Arps Slate Meagher & Flom, Washington, D.C.

Mr. Bergmann counsels clients on employee benefits, ERISA and executive compensation matters. A significant portion of his practice is devoted to advising major public companies on employee benefit and executive compensation arrangements in the context of M&As as well as on an ongoing advisory basis. He also has extensive experience with the SEC rules governing executive compensation disclosure and the tax rules imposing limits on the deductibility of executive compensation.

Alessandra K. Murata, Partner
Goodwin Procter, Menlo Park, Calif.

Ms. Murata’s practice focuses on advising public and private companies, boards, private equity clients, asset managers and members of management on executive compensation and benefits issues arising in the context of mergers, acquisitions, initial public offerings and other extraordinary corporate events, including private equity and leveraged buyout transactions.

Ian L. Levin, Partner
Schulte Roth & Zabel, New York

Mr. Levin’s practice concentrates on executive compensation and employee benefits, with a focus on the employee benefit aspects of M&As and issues arising from the investment of pension plan assets. He represents both executives and companies with respect to the negotiation and drafting of executive employment agreements and advises as to the design and establishment of virtually all types of employee benefit arrangements. He also advises clients on fiduciary and plan asset requirements of ERISA.


Live Webinar

Live Webinar $297.00

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This webinar is eligible for at least 1.5 general CLE credits.

CLE credits are not available for PR.

*In KS, OH, PA, for more than 1 attendee on the connection you must contact Strafford CLE via email or call 1-800-926-7926 ext. 35 prior to the program for special instructions.


Recordings

CLE On-Demand - Streaming Video

Includes recorded streaming video of full program plus PDF handouts.

On-demand is the only recorded format recognized for CLE credits in DE, IN, KS, LA, MS, NC, OH, OK, SC, TN, VA, WI.

AK, AZ, CA, CO, CT, DE, FL, GA, HI, IA, ID, IL, IN*, KS, KY, LA, ME, MN, MO, MT, NC, ND, NH**, NJ, NM, NV, NY, OH*, OK, OR, PA, SC, TN, TX, UT, VA, VT, WA, WI, WV, WY (Note: Some states restrict CLE eligibility based on the age of a program. Refer to our state CLE Map for additional information.)

*Only available for attorneys admitted for more than two years. For OH CLE credits, only programs recorded within the current calendar year are eligible - contact the CLE department for verification.

**NH attendees must self-determine if a program is eligible for credit and self-report their attendance.

CLE On-Demand Video $297.00
Available 48 hours after the live event

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Recorded Event

Includes full event recording plus handouts (available after live webinar).

Strafford is an approved provider and self-study CLE credit is available in most states.

AK, AZ, CA, CO, CT, FL, GA, HI, IA, ID, IL, KY, ME, MN, MO, MT, ND, NJ, NM, NY, OR, PA, TN, TX, UT, VT, WA, WV, WY (Note: Some states restrict CLE eligibility based on the age of a program. Refer to our state CLE Map for additional information.)

Strafford will process CLE credit for one person on each recording.

Additional copies of a recording can be purchased at a discount. Please call Strafford Customer Service toll-free at 1-800-926-7926 ext 10 or email customerservice@straffordpub.com to place your order.

Recorded Webinar Download $297.00
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Recorded Audio Download (MP3) $297.00
Available 24 hours after the live event

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DVD (Slide Presentation with Audio) $297.00 plus $9.45 S&H
Available ten business days after the live event

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Registration Plus Recorded Event

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Live Webinar & Webinar Download $394.00

Recorded Webinar Download Only $97.00 with Registration/Webinar Combo

Live Webinar & Audio Download $394.00

Recorded Audio Download (MP3) Only $97.00 with Registration/MP3 Combo

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DVD (Slide Presentation with Audio) Only $97.00 with Registration/DVD Combo


Webinar

Strafford webinars offer several options for participation: online viewing of speaker-controlled PowerPoint presentations with audio via computer speakers or via phone; or audio only via telephone (download speaker handouts prior to the program).  Please note that our webinars do not feature videos of the presenters.

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CLE Credits By State

See CLE State Map >

or call 1-800-926-7926

Customer Reviews

Great overall summary of ERISA issues.

Shannon Awsumb

Anthony Ostlund Baer & Louwagie

The program covered topics that are of significant concern to many of my clients and I enjoyed the good discussion of the case law supporting the various points made.

Larry Crabtree

King & Ballow

Strafford's on-line session was easy to attend and the topic was timely.

Jessica Lermond

Chartis Claims

The best seminar I have attended on this topic! The speakers did an outstanding job making the topic understandable. 

Craig Kovarik

Husch Blackwel

The PowerPoint presentation made things easy to understand.

Ian Weinberger

The Lambos Firm

or call 1-800-926-7926

Employment & ERISA Advisory Board

Susan E. Bernstein

Special Counsel

Schulte Roth & Zabel

Judith (Jude) Biggs

Partner

Holland & Hart

Joshua Davis

Director

Goulston & Storrs

Barbara E. Hoey

Partner

Kelley Drye

Jeffrey Hollingsworth

Partner

Perkins Coie

Diana L. Hoover

Partner

Hoover Kernell

Paul J. Kennedy

Shareholder

Littler Mendelson

Marcia Nelson Jackson

Partner

Wick Phillips

William C. Martucci

Partner

Shook Hardy & Bacon

Nancy Morrison O'Connor

Partner

Bracewell & Giuliani

Laura Foote Reiff

Shareholder

Greenberg Traurig

Eugene Scalia

Partner

Gibson Dunn & Crutcher

Peter Steinmeyer

Member

Epstein Becker & Green

Teresa R. Tracy

Partner

Freeman Freeman Smiley

Todd D. Wozniak

Shareholder

Greenberg Traurig

or call 1-800-926-7926

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