Vick In More Trouble, This Time Over ERISA Violations

Law360, New York (March 26, 2009, 12:00 AM EDT) -- The U.S. Department of Labor has accused suspended NFL star Michael Vick of unlawfully withdrawing $1.35 million from his marketing company's pension plan, partly to help pay criminal restitution imposed on him for his dogfighting conviction.

In a complaint filed with the U.S. District Court for the Eastern District of Virginia, the DOL alleged that Vick violated his fiduciary duties as a plan trustee under the Employee Retirement Income Security Act.

The DOL also filed an adversary proceeding with the U.S. Bankruptcy Court for the Eastern...
To view the full article, register now.