:: rawblogXport ::
union news / workers rights / construction / safety / irony...
 |
|
| carpentersunionbc.com | |
|---|---|
| google news | |
recent posts: | |
| BlogRolling: | |
blogs that link here  
    
  implementation: email d@ve2300 this weblog is the work of dave livingston, a union carpenter in nelson bc canada 
| |
|
| |
| |
FAIR USE NOTICE: This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of labor and economic issues, etc. We believe this constitutes a "fair use" of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 Chapter 1 Sec.107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. | |
 | |
|
"The fight is never about grapes or lettuce. It is always about people." Cesar Chavez | |
:: Sunday, February 15, 2004 ::
Labor Department sues union trustees By Rachel Brand, Rocky Mountain News
The department's suit says trustees of Sheet Metal Workers No. 9 Health and Welfare Fund as well as those of Operating Engineers Health and Welfare Trust Fund violated ERISA laws by investing plan assets in risky private placements managed by Capital Consultants, including loans to Wilshire.
The trustees also violated fund rules by investing in collateralized notes, the suit says.
Collateralized notes are loans whose collateral consists of the borrowers' potential revenue from future sales, and the notes were prohibited by the fund's investment policy.------------------------------------------- posted 8:32 AM :: reference link ::
0 comments ::
Comments:
Post a Comment
