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Publisher Agrees to Pay $4.5 Million for Failed Pension Plan
Milwaukee Business Journal 
Apr. 8, 2013 "Augsburg Fortress Publishers will pay $4.5 million under a pending settlement to end a lawsuit over its failed pension plan. The settlement would pay about a quarter of the pension plan's benefits for almost 500 employees and retirees of the Minneapolis-based publishing arm of the Evangelical Lutheran Church in America (ELCA) ... The lawsuit accused the publisher of allowing the plan to fail and not disclosing its troubled condition." MORE >> |
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