Ohio Funds May Sue

October 2004
Investment Management Weekly;10/4/2004, Vol. 17 Issue 39, p1
Speculates that Ohio's state public pension funds may file a lawsuit against the Federal National Mortgage Association in October 2004 for accounting irregularities which might have caused the plans to incur losses. Funds that could benefit from the possible lawsuit.


Related Articles

  • Nobody's perfect, and neither are computers. Egan, Brian // Super Review;Nov2003, Vol. 16 Issue 10, p32 

    Reveals lessons learned from a superannuation court case in Australia that involved a computer error. Incorrect redemption and withdrawal benefits paid by financial services firm to policy holders and beneficiaries; Legal responsibilities of superannuation fund trustees and providers; Facts of...

  • Betting the House. Wittwer, Karen // Plan Sponsor;Jul2012, p15 

    The article discusses the lawsuit filed by the representatives of the Oregon Public Employees Retirement Funds (OPERF) for the mismanagement of their pension. It mentions that Oregon officials, staff and citizen board members are being held responsible for the risky real estate and bank loan...

  • Chapter 10: PROTECTING YOURSELF.  // Pension Trustee's Handbook;12/1/2005, p105 

    Chapter 10 of the book “The Pension Trustee's Handbook,” 4th edition, is presented. It presents some of the protective measures of trustees against liability that arise in managing their responsibilities. Accordingly, no one desires to be sued for a large sum of money because they...

  • Board of Trustees of the UFCW Local 174 Pension Fund v. Jerry WWHS Co. Inc.  // Benefits Magazine;Jun2012, Vol. 49 Issue 6, p65 

    The article discusses a court case Board of Trustees of the UFCW Local 174 Pension Fund v. Jerry WWHS Co. Inc., wherein the plaintiff seeks unpaid withdrawal liability assessed against the defendant employer. A settlement agreement was signed by the plaintiff and the defendant. The court found...

  • Examine all the evidence.  // Employee Benefits;Oct2007, p16 

    The article reports about urging pension trustees to study very well the evidences about beneficiaries when making decisions on releasing of death benefits. It also discusses the case of Mrs. P v. Centrica Pension Scheme that resulted in maladministration due to the failure of the trustee to...

  • Pension Fund Trustees Guilty of Exceeding Investment Limits, Acquitted of Imprudent Investments. Landy-Shavim, Michelle // Canadian Benefits & Compensation Digest;Aug2010, Vol. 28 Issue 4, p6 

    The article discusses a case where the Ontario Provincial Court acquitted the administrators of the Canadian Commercial Workers Industry Pension Plan Trust Fund of imprudent investments but indicted them of guilt in exceeding investment limits. The Financial Services Commission of Ontario (FSCO)...

  • Parties Failed to Establish Sale-of-Assets Exemption From Withdrawal Liability.  // Legal-Legislative Reporter;Dec2009, Vol. 43 Issue 12, p10 

    The article discusses the court case In the Matter of Arbitration Between HOP Energy LLC and The Trustees and Fiduciaries of the Local 553 Pension Fund. An arbitrator of the American Arbitration Association (AAA) found an employer liable for withdrawal liability payments for not satisfying the...

  • Pension Board Dilemma. Miller, Girard // Governing;Jun2008, Vol. 21 Issue 9, p56 

    The article focuses on the implications of a California court of appeals decision which makes public pension fund trustees criminally liable if they approve a contract that provides them a personal benefit. A conflict may arise because fiduciaries are responsible for a duty of loyalty, which...

  • Price v. Board of Trustees of the Indiana Laborer's Pension Fund et al.  // Legal-Legislative Reporter;Oct2009, Vol. 43 Issue 10, p15 

    The article discusses a court case wherein the U.S. District Court for the Southern District of Ohio ordered the reinstatement of the benefits of the plaintiff under the defendant benefit plan. In Price v. Board of Trustees of the Indiana Laborer's Pension Fund et al., findings of the court...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics