Northeast Fund Money Being Used to Defend in Laufenberg Case
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Ballantyne and his underlings have declared Our fund money is being used to defend the trustees in the Laufenberg case instead of their lawsuit policy's. Is this legal.A complaint will be filed with the EBSA to find out. . The trustees have admitted Fiduciary Breach under ERISA by accusing Laufenberg of ANY wrong doing. The DOL has already ruled the fund Trustees individually are in breach if any fund employee does anything wrong because it is their duty to know at all times what the employee is doing.Failure to know is a Fiduciary Breach under ERISA. The courts have already ruled on spending fund money to defend against Fiduciary Breach and defend Trustees. Further they have not proven Laufenberg is lying when he sued them for defamation and illegally withholding wages and pension. Is this a witch hunt to remove the Laufenberg obstacle to gain control or a legit removal.One party is lying.Until the court decides which, with no DEALS and NO nondisclosure agreements, should the Trustees not use their own lawsuit policy to defend themselves.How many pensions could use the money they will be pumping into legal fees???Until the court proves the trustees are vindicated their legal fees should NOT be "a legitimate expense incurred in administering the fund" Martin-vs- Walton 773 supp1524,1527( SD Fla 1991)