Date of Action: Jan. 14, 2015
Name(s) of Defendant: Lisa A. Ferrari, DMD; Clifton Casey; Lisa A. Ferrari, DMD, LLC; and Lisa A. Ferrari, DMD, LLC Retirement Plan
Allegations: Based on an investigation conducted by the U.S. Department of Labor’s Employee Benefits Security Administration, the Secretary of Labor filed a complaint alleging the following:
From January 2009 through July 2012, plan fiduciaries, Ferrari, Casey, and the company, failed to ensure that more than $20,000 in employee contributions and interest were remitted to the plan. Instead, employee monies were commingled with the general assets of the company.
Resolution: The department is asking the court to direct the defendants to restore all losses plus interest to the plan, and permanently enjoin Ferrari, Casey, and the company from serving as fiduciaries or service providers to any plan covered by the Employee Retirement Income Security Act of 1974.
Court: United States District Court for the Eastern District of Pennsylvania
Docket Number: cv-15-160-JLS
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