– Re: TUTOR PERINI/HUDSON YARDS PRESS RELEASE
In Reply To
excerpt NLRB v. AMAX COAL 453 U.S. 322 (1981), Chief Justice Stewart at II
As explained by Senator Ball, one of the two sponsors of the provision, the "sole purpose" of 302 (c) (5) is to ensure that employee benefit trust funds "are legitimate trust funds, used actually for the specified benefits to the employees of the employers who contribute to them . . . ." 93 Cong. Rec. 4678 (1947).
Senator Ball stated that "all we seek to do by [ 302 (c) (5)] is to make sure that the employees whose labor builds this fund and are really entitled to benefits under it shall receive the benefits; that it is a trust fund, and that, if necessary, they can go into court and obtain the benefits to which they are entitled." Id., at 4753; see H. R. Conf. Rep. No. 510, 80th Cong., 1st Sess., 66-67 (1947), 1 NLRB, Legislative History of the Labor-Management Relations Act, 1947, p. 570 (1948) (Leg. Hist. LMRA). The debates on 302 (c) (5) further reveal Congress' intent to cast employee benefit plans in traditional trust form precisely because fiduciary standards long established in equity would best protect employee beneficiaries.
Tell it to Judge Berman, file suit, hire an attorney if need be but go after the money, the interets, dividends & a very substantial cut of the long term ownership & lease interests.
It's your money - all you have to do is go get it