Fraud act covers Teamster pension fund case ruling
A federal appeals court ruled the Teamster pension fund falls under the anti fraud provisions of the Federal Securities Act. The decision could allow the SEC to charge fraud against the fund for misrepresentations affecting beneficiaries. The suit by John Daniel of Chicago claimed denial of a pension was fraud, while the local said he had a break in service making him ineligible.
MENTIONED IN THIS ARTICLE
Chivago Lak
Focal Teamsters
Mase
Ith U.S. Circuit Court of Appeals
Securities and Exchange Commission
Teamsters
Tree Res
John Daniel
Local 705
Chicago
Daniel
Senator admits free Korea trip
Senator Jake Garn of Utah disclosed he took a paid trip to South Korea and Taiwan in 1975 funded by two private groups. Cantrell, a Senate staffer, said the Korea U S Economic Council and the Pacific Cultural Foundation invited lawmakers and aides on a tour of industries in the two countries.
MENTIONED IN THIS ARTICLE
Knight News
Washington
Jake Gam
Utah
South Korea
Taiwan
Gar
Senate
Thomas Cantrell
Garo
Dewey Bartlett
R-Okla
Cantrell
Korea
Senate Ethics Committee
Adlai Steveson
D-Ill
Gam
Garn
U.S
United States
Senate Armed Services
Cates
Senate Intelligence Committee
Gato
Trans International Airlines pushes new low fares to Asia
Trans International Airlines chief Henry Hoff urged the Civil Aeronautics Board to approve scheduled flights with new low fares linking five American cities to Hong Kong and Tokyo. The move follows a broader pricing dispute, while unrelated items describe a prison fire and Korean lobby investigations involving U.S. lawmakers.
MENTIONED IN THIS ARTICLE
New York Times
New York
Trans International Airlines
Transamerica Corp
Asia
Henry P. Hoff
Trans International
Civil Aeronautics Board
Hong Kong
Tokyo
Miners Return to Work After 60 Day Window
The International Executive Board of the United Mine Workers ordered 85,000 strikers to return to jobs for 60 days while grievances on medical benefits are settled. A unanimous resolution threatens to end the contract with Bituminous Coal Operators Association if issues remain unresolved, risking another strike. District 17 miners, initially opposed, voted to resume work after a separate caucus.
MENTIONED IN THIS ARTICLE
Charleston
W.va
International Executive Board
United Mine Workers
UMW
Arnold Miler
Bituminous Coal Operators Association
Miller
District 17
Cecil Roberts
District 17 President Urges Return to Work After Hangup
Jack Perry told workers to resume duties after an unclear incident tied to work disruption. The comment reflects union leadership directing members to continue operations despite unresolved questions about what happened.
MENTIONED IN THIS ARTICLE
Jack
District 17
Jack Perry
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