Union pension plan sues over Madoff assets

Fri Mar 6, 2009

The $295 million Pension Fund for Hospital and Health Care Employees in Philadelphia and Vicinity filed a lawsuit against Austin Capital Management over the fund of funds' $184 million in assets with Madoff-related securities, virtually all of which were lost when the Ponzi scheme was uncovered late last year.

The complaint filed in...

ISSN: 2151-1845 / CDC10004H

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