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DOL Sues Trustees of Labor Union Retirement and Benefit Plans to Undo Prohibited Transactions, Account for Misused Funds
Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL] 
Mar. 15, 2012
"The suit alleges that the defendants violated their fiduciary duties as trustees by engaging in a series of prohibited financial transactions between 2006 and the present. These include the improper transfer of more than $2.9 million in assets from Local 829's pension plan to the union and its annuity, vacation and hiring hall funds, as well as the improper transfer of at least $240,000 from the pension plan and annuity fund to service providers."
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