April 29, 1998
Former Orange County Investment Firm Sued Over Mismanagement Of Profit Sharing Plan
Archived News Release — Caution: Information may be out of date.
The owner of a real estate investment firm, Bainbridge Investments, Inc., formerly located in Orange County, Calif., was sued by the U. S. Department of Labor for improperly operating the company’s profit sharing plan. The plan was financially illiquid and resulted in its inability to pay benefits owed to participants.