May 4, 1998
Philadelphia Nursing Home Pension Trustees Ordered To Resign Positions And Repay Plan
Archived News Release — Caution: Information may be out of date.
Philadelphia-based Mercy-Douglass Corp., its subsidiaries and trustees of the company's pension plan have agreed to repay the plan $432,137, including interest, as a result of a consent judgment obtained by the U.S. Labor Department.
In addition, the consent judgment requires that an independent trustee be appointed to manage the plan.