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Sunday, August 11th, 2:00 – 5:00 p.m.
Capital Hilton, Washington DC
Breaking Up Is Hard To Do:
Employee Benefits in Business Failure and Restructuring
Enron, LTV, Polaroid, Arthur Andersen and other troubled businesses have put the spotlight on the employee benefits that are at risk when a company enters bankruptcy or is otherwise financially troubled. Depending on the company, benefit losses can come in the form of worthless employer stock in 401(k) plans, termination of traditional pension plans and retiree medical benefits, loss of executive or partner benefits and even the loss of severance benefits. Knowledgeable experts will discuss what happens to benefits when a company enters bankruptcy and how companies can deal with these issues in advance. The panelists will then analyze a case study that raises issues confronting directors, company officials, attorneys for the company and participants seeking recoveries. Includes 1 hour of ethics credits.
Moderator
Nell Hennessy, Aon Consulting, Washington, DC
Panelists
George Bostick (Executive compensation), Sutherland, Asbill & Brennan, Washington, DC
Babette Ciccote (Collective bargaining issues)
Diane Fuchs (COBRA and other health issues), Womble Carlyle Sandridge & Rice, Washington, DC
Professor Gwen Handelman (Ethical issues), Shepard Broad Law Center, Nova Southeastern University, Ft. Lauderdale, FL
David Preminger (Participant claims and remedies), Rosen, Preminger & Bloom, New York, NY
Priscilla Ryan (Severance and WARN Act), Sidley Austin Brown & Wood, Chicago, IL
William A. Schmidt (Fiduciary issues), Kirkpatrick & Lockhart, LLP, Washington, DC
Mark Wintner (Pension and retiree medical liabilities), Stroock & Stroock & Lavan, LLP, New York, NY
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