CRA’s team worked for the Penn Central Trustee in connection with litigation the Penn Central valuation case. CRA analyzed the values of Penn Central’s holdings of real estate, rolling stock, locomotives, and all other assets, in addition to the value of profitable portions of Penn Central’s rail lines.
ERISA forfeitures and class action lawsuits
The Internal Revenue Service (IRS) has supported this practice; however, current litigation focuses on whether using forfeitures to reduce employer...