Foreign Corporation Not Subject to U.S. Jurisdiction for ERISA Claim
Represented Goldfarb Corporation, a Canadian company that was sued for ERISA withdrawal liability. Foley won a Seventh Circuit Court of Appeals ruling in May 2009 that this Canadian corporation is not subject to ERISA liability in the U.S. courts. GCIU Employees v. Goldfarb Corp., 565 F.3d. 1018 (7th Cir. 2009). The case is highly significant in protecting foreign corporations who are parents of U.S. companies from ERISA withdrawal liability if the U.S. company goes bankrupt.