May 04, 2016
The Fifth Circuit on Tuesday affirmed a win for the U.S. Department of Labor requiring the trustees of a DirecTV installation company's retirement plan to pay $6.5 million for overvaluing the stock, saying the company owner put his own interests above the retirees'.
July 29, 2015
The U.S. Department of Labor backed a nearly $6.5 million judgment against a DirecTV installation company's retirement plan trustees for causing the plans to overpay for company stock, urging the Fifth Circuit on Wednesday to not overturn the award.