A lawsuit accusing NFP Corp. of mismanaging a retirement plan covering unionized construction industry workers is moving forward after a federal court trimmed a handful of the case’s 13 claims.
The decision, issued by Wednesday Judge John F. Kness of the US District Court for the Northern District of Illinois, narrows the scope of a sprawling lawsuit accusing NFP of breaching its fiduciary duties under the Employee Retirement Income Security Act.
The trustees of the Northern Illinois Annuity Fund say NFP’s management of the fund was “driven by one goal—to make as much money as they could for themselves—regardless ...
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