Wednesday, April 11, 2007

 

Trust Sued Over Backing Retiree Plan

A lawsuit filed in federal court in Manhattan last week contends that a retirement plan offered by the New York State United Teachers breached its fiduciary duty when it accepted millions of dollars in payments from an investment firm in exchange for endorsing the firm’s products to plan members.

Trust Sued Over Backing Retiree Plan
Source: Star News

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