Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

A Member of the Law Professor Blogs Network

Thursday, April 5, 2007

Class Action Against Teachers' Retirement Plan

A class action on behalf of participants in the New York State United Teachers Member Benefits Trust charges that the Trust accepted payments from insurer ING  to endorse its high-fee annuity product to its plan participants.  The law suit follows last year's investigation and settlement with the New York Attorney General's office, when the Trust paid $30 million to settle related charges.  See NYTimes, Trust Sued Over Backing Retiree Plan.

http://lawprofessors.typepad.com/securities/2007/04/class_action_ag.html

News Stories | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341bfae553ef00d8354228cf53ef

Listed below are links to weblogs that reference Class Action Against Teachers' Retirement Plan:

Comments

Post a comment