Today, I would like to speak to you about the Employee Retirement Income Security Act (ERISA) Withdrawal Liability Bonds. Previously, I spoke about when a company is being sold and the union requires a bond from the buyer to guarantee the unfunded pension obligations...
There are times when a client needs to obtain a bond and is unable to do so. In cases like these, a third party could be willing to guarantee the bond. This would require the third party to execute an Indemnity agreement with the surety in addition to the bond...
When a client seeks injunctive relief, the judge may require an Undertaking on a Preliminary Injunction Bond. There are a few things to know about this type of bond: it can either be required of the defendant or of the plaintiff, it will enjoin the opposing party or a...
