« McCain Myth Buster: John McCain and Civil Rights | Main | ED in 08 Chairman Roy Romer to Address The Council of Chief State Schools Officers Regarding Education Reform in the 2008 Presidential Campaign »
U.S. Labor Department Sues Chicago Investment Firm and Executives to Recover More Than $25 Million for Five Michigan Union Pension Plans
April 11, 2008The U.S. Department of Labor today sued Chicago-based AA Capital Partners Inc. and its executives for improperly causing more than $25 million in losses for five Michigan pension funds by misusing plan assets to benefit themselves and by charging the plans excessive investment management fees. The Labor Department's suit seeks to restore all losses incurred by the plans as a result of the defendants' improper actions. Full release.