New York Paralegal Blog

WISCONSIN RAPIDS, Wis. — The U.S. Department of Labor has sued Coin Builders LLC of Wisconsin Rapids and its president, Joseph Kreeger, to restore more than $1.3 million plus interest to the company's profit-sharing plan. The case resulted from an investigation by the department's Employee Benefits Security Administration into alleged violations of the Employee Retirement Income Security Act. "The Labor Department is committed to ensuring workers can keep what they earn. And we will hold companies and their executives accountable when they ignore their responsibilities as fiduciaries and put workers' hard-earned retirement income at risk," said Secretary of Labor Hilda L. Solis.

In an open letter to Congressional leadership, Governor David A. Paterson today urged Congress to include state representation in oversight responsibilities for the implementation of the Emergency Economic Stabilization Act (EESA). Additionally, Governor Paterson announced that he will testify before the House Ways & Means Committee on Wednesday for a hearing on “Economic Recovery, Job Creation and Investment in America,” in which he will urge the Federal Government to take specific action to address the national financial crisis. In his letter to House Speaker Nancy Pelosi, Senate Majority Leader Harry Reid, Senate Minority Leader Mitch McConnell, and House Minority Leader John Boehner, Governor Paterson called for the states to have representation on the five-member Congressional Oversight Panel created as part of the EESA. This Oversight Panel is charged with overseeing the implementation of the Treasury’s multifaceted program, including the effectiveness of its foreclosure miti...