July 22, 2024
A union pension fund that claims it lost $30 million due to bad investment advice it received in the mid-2010s missed its chance to challenge that advice, an investment advisory firm argued in California federal court, saying the fund blew past its deadline to sue and didn't qualify for an extension.
September 18, 2023
A pension fund for union-represented construction workers in Southern California squandered $30 million due to bad advice from an investment adviser, the fund alleges in a new lawsuit filed in California federal court seeking to recoup the money.