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Posted on December 7, 2012 at 11:58:00 PM by royhall
Wow, what a mess. I am also not an attorney nor am I knowledgeable in legal and pension matters. Seems to me though that if J.J. is right, what was that payment to op-outs really? A reward for opting out? Paid from a fund that actives have a vested interested in? Wouldn't that be a violation of fiduciary duty. If paid from the general fund, gains on that money to opt-outs would belong to actives too. If the attorney fees are to come from the "Common Fund" and some of that money was already paid to opt outs, then what? Will opt-outs have to refund some of that money?
I also agree with Chief Urbuteit and Dennis Tea.
Replies:
- Re(2): Parker law suit appeal - By Fred Urbuteit December 7, 2012 at 03:34:47 AM
Re(1): Parker law suit appeal - By Tommy Depolis December 5, 2012 at 11:26:28 PM
Re(2): Parker law suit appeal - By Jeffrey L Smith December 6, 2012 at 04:19:28 PM
Re(3): Parker law suit appeal - By Fred Urbuteit December 7, 2012 at 03:41:39 AM
Re(4): Parker law suit appeal - By Dennis Tea December 8, 2012 at 07:47:31 PM
Re(5): Parker law suit appeal - By J J Oliva December 8, 2012 at 08:33:43 PM
Re(6): Parker law suit appeal - By Dennis Tea December 11, 2012 at 00:46:49 AM
Re(7): Parker law suit appeal - By royhall December 11, 2012 at 04:03:56 PM
Re(7): Parker law suit appeal - By Fred Urbuteit December 11, 2012 at 03:01:08 AM
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