CCWIPP trustees face lawsuit

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CANADA - Trustees of the Canadian Commercial Workers Industry Pension Plan (CCWIPP) are being sued by the Financial Services Commission of Ontario (FSCO) for allegedly failing in the administration and investment of the fund.

A report from the financial services body found the fund was grossly underfinanced and, as a result, it is suing the trustees over CAN$280m (US$260m) worth of what it claims were "bad investments"....

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