EFTA00985059.pdf

From: Jeffrey Epstein <[email protected]> To: Richard Joslin •Tzl Subject: Re: Sun Capital Date: Tue, 11 Mar 2014 18:03:28 +0000 what abiout the stamp? On Tue, Mar 11, 2014 at 2:00 PM, Richard Joslin < > wrote: DRB is out of pocket. Peggy is looking for someone to get signed for her. I will ask Melanie the timing for LDB From: Jeffrey Epstein [mailto:jeeyacation@gm a il.com] Sent: Tuesday, March 11, 20141:58 PM To: Richard Joslin Subject: Re: Sun Capital poas? On Tue, Mar 11, 2014 at 12:57 PM, Richard Joslin < wrote: A win for the PBGC. And no implication regarding the tax spillover, ie PE funds engaged in the business of promoter/dealer. sun-capital-pension-liability-case?newsletter=alternatives- digest&issue=20140304&utm_source=Newsletters&utm_medium=email&utm_campaign Altemati ves+Digest# Supreme Court declines to intervene in Sun Capital pension liability case By Hazel Bradford I March 4, 2014 4:22 pm I Updated 9:09 am The Supreme Court declined on Monday to intervene in a case challenging whether private equity firms could be liable for pension liabilities of portfolio companies. EFTA00985059  Private equity firm Sun Capital Partners wanted the high court to overturn a July 24 ruling by the 1st U.S. Circuit Court of Appeals in Boston that two of its funds were actively engaged as a trade or business in a now-bankrupt portfolio company, Scott Brass Inc., which owes $4.5 million in withdrawal liability to the New England Teamsters & Trucking Industry Pension Fund. The appellate court decision overturned a 2012 ruling from a U.S. District Court in Massachusetts that the funds were merely passive investors. The lower court still has to rule on ownership issues. Sun Capital's bid to have the Supreme Court resolve the issue was supported by the Private Equity Growth Capital Council in Washington, which filed an amicus brief saying the case has "the potential to effect a major shift in liabilities" for private equity funds whose portfolio companies have pension shortfalls. The PEGCC brief cited a Credit Suisse study of multiemployer pension plans estimating $369 billion in underfunding, arguing the potential for additional liability "is virtually guaranteed to sow confusion." The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of Jeffrey Epstein Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of Jeffrey Epstein Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA00985060