Lawsuit on land deal may expand By Steve Walsh
The carpenters union lawsuit against its former executive secretary may eventually extend to Lake Erie Land Co. and others, as the pension overseers try to retrieve the money it lost.
More than four years after Lake Erie sold 55 acres in Coffee Creek to the carpenters union pension fund for $10 million, the pension fund remains by far the largest land buyer at the 640-acre development, where sales have been lackluster.
For now, the Indiana Regional Council of Carpenters has filed a civil suit only against Gerry Nannenga, its former executive secretary and former pension board member, who has pleaded guilty for accepting $65,465 in bribes for his role in convincing the pension board to buy the land from Lake Erie Land Co.