August 18, 2005
Labor Department Sues Pension Plan Trustees on Behalf Of Ohio Sheet Metal Workers
Archived News Release — Caution: Information may be out of date.
Cleveland, Ohio - The U.S. Department of Labor today sued the trustees of the Cleveland-based Sheet Metal Workers Local 33 pension plan for imprudently investing plan assets in risky private investments with Capital Consultants LLC (CCL) of Portland, Oregon. The department’s suit seeks to restore all losses on the investments.