Appeal court throws out pensions cases from Lehman and Nortel

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  • I rember companies taking pension holidays when the schemes were in surplus. The argument they used was that if the scheme was in deficit the company was liable to make up the shortfull. Now they are trying to argue they are not.
    They cannot have it both ways. If they are not liable then surely they are liable to repay any money due from the pensions holidays taken.

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