Carpenters Broker $9.25M Deal In $250M Pension Loss Suit - Law360
The trustees of a carpenters pension plan and an investment advisor promised to pay $9.25 million to resolve a suit from workers who claimed they saw a $250 million loss in savings when the plan invested in speculative Allianz index funds, according to a Washington federal court filing.
The trustees of a carpenters pension plan and an investment advisor promised to pay $9.25 million to resolve a suit from workers who claimed they saw a $250 million loss in savings when the plan invested in speculative Allianz index funds, according to a Washington federal court filing.
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