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Wachovia National Bank and Former Medical Executive Agree To Restore $42 Million To ESOP
Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL] Link to more items from this source
June 8, 2000
Excerpt: Under the settlement, Wachovia will pay $30 million to the ESOP, which is now known as the Magellan Health Services, Inc. ESOP. William A. Fickling, Jr., the former president and C.E.O. of Charter Medical, also will pay another $12 million to the plan. Money restored to the plan will be allocated to past and present participants and beneficiaries on a pro-rata basis.

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