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.
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.
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?
Michael R. Bergmann, Counsel
Skadden Arps Slate Meagher & Flom,
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
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,
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 $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.
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CLE On-Demand Video $297.00
Available 48 hours after the live event
Includes full event recording plus handouts (available after live webinar).
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Available 24 hours after the live event
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Live Webinar & Audio Download $394.00
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CLE Credits By State
Great overall summary of ERISA issues.
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.
King & Ballow
Strafford's on-line session was easy to attend and the topic was timely.
The best seminar I have attended on this topic! The speakers did an outstanding job making the topic understandable.
The PowerPoint presentation made things easy to understand.
The Lambos Firm
Employment & ERISA Advisory Board
Schulte Roth & Zabel
Holland & Hart
Goulston & Storrs
Shook Hardy & Bacon
Bracewell & Giuliani
Gibson Dunn & Crutcher
Epstein Becker & Green
Freeman Freeman Smiley
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