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, arising from the Ontario courts as ''Re Indalex Limited'', is a decision of the Supreme Court of Canada that deals with the question of priorities of claims in proceedings under the ''Companies' Creditors Arrangement Act'', and how they intersect with the fiduciary duties employers have as administrators of pension plans. ==Facts== Indalex was a major North American manufacturer of aluminum extrusions, with six plants in the United States and four in Canada. In March 2009, the US parent of Indalex sought bankruptcy protection under Chapter 11, and Indalex Limited sought similar protection under the ''CCAA'' in April 2009. Debtor in possession financing was secured in both proceedings for maintaining operations until a suitable resolution could be achieved. In that regard, Indalex US issued a guarantee with respect to the financing given to Indalex Limited. In June 2009, the business assets of Indalex were sold to Sapa Group. Indalex Limited was the sponsor and administrator of two pension plans - one for the salaried employees, and another for the executives. At the time of the proceedings, they were underfunded in the amount of CAD 6.75m. At the court hearing to approve the sale, the United Steelworkers (representing the salaried employees) and a group representing the executives appeared to object to the planned distribution of sale proceeds, asking that a sufficient amount be retained to cover the pension plans' deficiencies, pursuant to the deemed trusts established under the ''Pension Benefits Act (Ontario)''. The sale closed on July 31, 2009, but the proceeds were insufficient to cover outstanding liabilities. Indalex US remitted USD 10.75m to cover the shortfall owing to the DIP lenders, and the Monitor withheld an amount equal to the deficiencies of the plans. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Sun Indalex Finance LLC v United Steelworkers」の詳細全文を読む スポンサード リンク
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