PI Global Investments
Private Equity

4th Circ. Shuts Down Suit Against PE Firm Over Plant Closure


By Patrick Hoff ( May 26, 2026, 8:12 PM EDT) — The Fourth Circuit refused Tuesday to reopen a proposed class action claiming a private equity firm violated federal laws by abruptly shutting down a manufacturing plant, ruling decades-old U.S. Supreme Court precedent barred the former workers from suing simply to collect on a judgment against the manufacturer….

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