Date of Action: November 30, 2011
Type of Action: Default Judgment
Name(s) of Defendant: Truck It, Inc., Steven R. Ligon, individually and as a fiduciary to the Employee Benefits Plan of Truck It, Inc.; and the Employee Benefits Plan of Truck It, Inc.
Allegations: On November 15, 2010, the United States Department of Labor filed a Complaint against Franklin-based Truck It, Inc. and Steven R. Ligon for failure to pay employee contributions totaling $22,222.61 to the company’s employee benefit plan.
Resolution: A Default Judgment was entered by the federal district court in Louisville, Ky., on November 30 that orders Truck It, Inc. and Ligon to restore $26,287.76 to the company’s employee benefit plan, which represents the employee contributions and lost opportunity costs which accrued as a result of the failure to pay employee contributions to the Plan from January 3, 2005 through August 11, 2008. The Judgment also removes of the company and Ligon as fiduciaries of the employee benefit plan and bars Ligon from serving as a fiduciary or service provider to any ERISA Title I covered employee benefit plan in the future.
Court: United States District Court for the Western District of Kentucky
Docket Number: 1:10-cv-172-JHM
U.S. Department of Labor materials are accessible at www.dol.gov. The information above is available in large print, Braille, audio tape or disc from the COAST office upon request by calling 202-693-7828 or TTY 202-693-7755.