DOL, First Bankers Strike $16M Deal Settling 3 ERISA Suits
By Jon Hill ( November 16, 2017, 9:28 PM EST) -- First Bankers Trust Services Inc. has agreed to pay nearly $16 million to resolve a set of lawsuits alleging it breached its fiduciary duties under the Employee Retirement Income Security Act in purportedly letting three employee stock ownership plans overpay for their own companies' stock, the U.S. Department of Labor said Thursday....
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