MARSHALL v. TEAMSTERS LOCAL 282 PENSION TRUST FUND

No. 78 C 543.

458 F.Supp. 986 (1978)

Ray MARSHALL, Secretary of the United States Department of Labor, Plaintiff, v. TEAMSTERS LOCAL 282 PENSION TRUST FUND, John Cody, Louis Nappi, William Argento, John Dee, Robert Sasso, Joseph Fater, Salvatore Picone, and Herbert Schneider, Defendants.

United States District Court, E. D. New York.

August 11, 1978.


Attorney(s) appearing for the Case

David G. Trager, U. S. Atty., Eastern District of New York, Brooklyn, N. Y., Robert N. Eccles and Samuel W. Halpern, U. S. Dept. of Labor, Washington, D. C., for plaintiff Plan Benefits Security Division.

O'Connor, Quinlan & Mangan, P. C., New York City, for defendants; J. Kenneth O'Connor, New York City, of counsel.


Memorandum of Decision and Order

MISHLER, Chief Judge.

This action is brought by the Secretary of the United States Department of Labor ("Secretary"), pursuant to the authority granted under Section 502(a)(5) of the Employee Retirement Income Security Act of 1974 (ERISA), 29 U.S.C. § 1132(a)(5), to enjoin the trustees of Teamster's Local 282 Pension Trust Fund ("Plan") from loaning one Hyman Green (Green), $20 million under a construction-permanent...

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