Cases & Deals

U.A. Local 38 Pension Trust Fund Trustees settle fiduciary claims

Clients U.A. Local 38 Pension Trust Fund Trustees

Jones Day represented the U.A. Local 38 Pension Trustees in an action involving reallocating pension and other assets. Following a five-year investigation, the U.S. Department of Labor sued the U.A. Local 38 pension trustees for imprudently "reallocating" $70 million in pension and other ERISA trust fund assets to the Konocti Harbor Resort and Spa. All claims involving the U.A. Local 38 trustees were dismissed with prejudice pursuant to a consent order agreed to in 2007. The trustees denied any wrongdoing and none of the trustees paid any money in settling this dispute.

Chao v. Mazzola, et al., Case No. 04-4949 (N.D. Cal. 2007)

We use cookies to deliver our online services. Details of the cookies and other tracking technologies we use and instructions on how to disable them are set out in our Cookies Policy. By using this website you consent to our use of cookies.