TROY, Mich.— Dayco Products L.L.C. said it has acquired bankrupt Southfield, Mich.-based automotive damper manufacturer Metavation L.L.C. and assets from Eptec SA de CV. Dayco, the stalking horse ...
Metavation LLC's plans are 50 percent funded, with $47 million in assets to pay $93 million in benefits, so PBGC is expected to cover most of the remaining $46 million. Mar 02, 2013 The Pension ...
Gift Article 10 Remaining As a subscriber, you have 10 articles to gift each month. Gifting allows recipients to access the article for free. Embroiled in a pensions scandal, Southfield-based ...
A U.S. District Court judge removed Metavation LLC Chairman George Hofmeister and investment adviser Bernard Tew as defined benefit plan trustees July 26. The decision by Judge Karen Caldwell in ...
The federal Pension Benefit Guaranty Corp. plans to take over two defined-benefit pension plans of Southfield-based Metavation LLC before a sale of the supplier, agency officials said. The PBGC filed ...
A local manufacturer that planned to close last year kept more than 100 employees on the job months longer than it intended after Garfield Township officials threatened to sue the company for more ...
Auto parts supplier Metavation LLC and its parent company, Revstone Industries, are fighting plans by the PBGC and other creditors to determine the companies’ fate in Chapter 11 bankruptcy proceedings ...
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