Penske can’t stop Dallas unit being kicked out by pension plan

By Beverly Banks (April 6, 2022, 6:08 p.m. EDT) – Penske can’t stop a Teamsters pension plan from evicting a Penske bargaining unit in Dallas and triggering millions of dollars of withdrawal liability for the company , an Illinois federal judge ruled on Wednesday, saying the rental truck company could not prove the plan’s actions were “arbitrary and capricious.”

U.S. District Judge Andrea R. Wood rejected Penske’s bid for a preliminary injunction against the Central, Southeast, and Southwest Regions Pension Plan’s threat to evict the union from the area of Dallas of the company to avoid any economic harm to the fund. She also rescinded her December order granting Penske a temporary restraining order while the discovery was ongoing.

The judge rejected Penske’s arguments…

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