US - A class action has been filed on behalf of the Pension Fund for Hospital and Health Care Employees (Philadelphia and Vicinity) and a group of similar funds against Austin Capital Management, for alleged losses related to the Madoff case.
Law firm Spector Roseman Kodroff & Willis, which represents the claimants, said the suit alleged Austin failed to prudently invest the benefit funds' assets, in violation of Employee Retirement Inc...
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