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Businessman sued over alleged misuse of pension

June 12, 2013
By DAVID PITT , THE ASSOCIATED PRESS

DES MOINES - The U.S. Department of Labor said Tuesday it sued a Kentucky businessman claiming he and others took $4.9 million from the pension plans of a Fairfield foundry's union workers and a related Michigan company to use for their own business interests violating a federal law that protects worker pension assets.

 
 
 

 

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