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Labor Dept Sues Albuquerque Defense Firm Over ERISA Assets
The U S Labor Department sues TPL Inc of Albuquerque and president Hap Stoller alleging use of assets from a company funded profit sharing plan to back a real estate deal. Company officials dispute the claims while noting a negotiated settlement aimed to protect employee benefits. The suit seeks rescission of prohibited transactions and cites 1997 plan assets and a Bosque Enterprises partnership.
MENTIONED IN THIS ARTICLE
Albuquerque
U.S. Labor Department
TPL Inc
ERISA
Labor Department
Dallas
U.S. District Court
TPL
Harold M
Hap” Stoller
Stoller
Stephen Sallot
Sallot
Bosque