A three-judge panel of the 3rd US district court of appeals in Philadelphia has unanimously ruled that bankrupt automotive components manufacturer Visteon cannot terminate its retirees' health and life insurance benefits without following certain procedures under bankruptcy law. This ruling overturns two lower court decisions. According to a report carried by Subscribe to Automotive World … Continued
A three-judge panel of the 3rd US district court of appeals in Philadelphia has unanimously ruled that bankrupt automotive components manufacturer Visteon cannot terminate its retirees' health and life insurance benefits without following certain procedures under bankruptcy law.
This ruling overturns two lower court decisions. According to a report carried by
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https://www.automotiveworld.com/articles/82883-us-reinstate-visteon-retiree-benefits-court-rules/
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