U.S. Labor Department Sues Fifth Third Bank and Advisor to Operating Engineers Local 324 Pension Fund in Troy, Mich.
U.S. Newswire, January, 2008
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To: STATE EDITORS
Contact: Gloria Della, +1-202-693-8666, or Brad Mitchell, +1-312- 353-6976, both of the U.S. Department of Labor
$28 million real estate investment sold for $4.5 million
TROY, Mich., Jan. 10 /PRNewswire-USNewswire/ -- The U.S. Department of Labor has sued Fifth Third Bank, an Ohio corporation and advisor to the Operating Engineers Local 324 Pension Fund in Troy, Mich., to recover plan losses suffered when the defendants mismanaged the sale of property owned by the fund.
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The departments action protects the workers, retirees and their families who are counting on the Operating ...
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