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DOL Sues Retirement Plan Trustees Over $16M Stock Buy

By Martin Bricketto ( July 25, 2012, 5:33 PM EDT) -- Onetime trustees of a Cliffwood Beach, N.J., construction company's employee stock ownership plan breached their fiduciary duties in letting the plan purchase company stock for an inflated, $16 million price, the U.S. Department of Labor contends in a suit announced Tuesday....

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