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:: Friday, November 12, 2004 ::
Plumbers’ Chief in Hot Water Over Finances By Sherie Winston, McGraw-Hill Construction | ENR
Plumbers’ union President Martin J. Maddaloni earlier this year side-stepped a government lawsuit alleging a breach of fiduciary duty as a trustee of the Plumbers and Pipefitters National Pension Fund. But new allegations about the union’s financial health are roiling, fueled in part by his predecessor and by a former challenger. A union investigation is under way and pressure is mounting to force Maddaloni’s early retirement.
posted 8:11 AM :: reference link ::
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