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Spitzer Probes Union Deal With Investment Giant

Law360 (May 9, 2006, 12:00 AM EDT) -- Amid an ongoing investigation by state Attorney General Eliot Spitzer, New York’s largest teachers' union is defending its ties to Dutch financial services giant ING Group, which allegedly sold the union’s members retirement plans with exhorbitantly high fees.

Spitzer launched the investigation several months ago after it was reported that several teachers unions across the nation—including New York State United Teachers—had been accepting millions of dollars in fees from investment companies in exchange for granting the firms special access to union members.

When that information was...
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