US - Trustees of the National Electrical Benefit Fund (NEBF) have been ordered by the US Federal District Court in Greenbelt, Maryland, to pay approximately $5m to the fund over the loan of pension plan assets to Columbia Land and Development (CLD).
The US Department of Labor (DoL) has obtained the court order against the NEBF's trustees, for what it calls the imprudent loan of pension assets and purchase of shares in a limited partnership wit...
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