US - The former executive of bankrupt Standard Automotive Corporation and former trustees of the company's 401(k) plan have been ordered to pay US$340,000 in restitution to the plan, according to the US Department of Labor.
The department sued defendants Anthony Scialabba, Morton Batt and John Elliot for alleged misuse of plan assets to pay Scialabba’s law firm for legal services that were improper, unnecessary and un...
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