Vernon and Shirley Hill pay millions, Burlington firm faces penalties
In separate actions, Labor Department alleges safety violations at Burlington Township firm and improper investing by Vernon and Shirley Hill
Source: courierpostonline.com
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Ousted banker Vernon Hill II claims rights to 'Power of Red' slogan
Vernon Hill II, who resigned as Republic Bank's CEO and chairman in July, says bank is wrongly using images of himself and his dog
Source: thedailyjournal.com
Metro Bank Founder, Wife Reach Settlement with DOL over Profit-Sharing Plan Losses
Vernon and Shirley Hill will pay more than $2 million after claims the couple invested as much as 70% of a profit-sharing plan’s assets in the stock of Metro Bank PLC, where Vernon Hill was the founder and chairman.
Source: plansponsor.com
Design firm settles DOL fiduciary mismanagement charges
The fiduciaries of a retirement plan were ordered to pay more than $2 million to settle litigation and DOL charges that they mismanaged plan assets.
Source: pionline.com
News from Capitol Hill and White House September 23-26, 2022
Updates from capital hill this weekend include the release of political prisoners in Belarus, SEC charging Compass Minerals for misleading investors, Hurricane Fiona reports, FERC proposes incentives for voluntary cybersecurity investments, and DOJ enforcement.
Source: natlawreview.com