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3 MCA trustees sued in bid to recoup retirement funds.

Publication: Crain's Detroit Business
Publication Date: 25-MAR-02
Format: Online - approximately 478 words
Delivery: Immediate Online Access
Full Article Title: 3 MCA trustees sued in bid to recoup retirement funds.(MCA Financial Corp., Patrick Quinlan, Lee Wells, Keith Pietila)(Brief Article)

Article Excerpt
The U.S. Department of Labor this month sued three trustees of bankrupt MCA Financial Corp. in an effort to collect on the lost opportunity to earn interest for employees whose paycheck deductions weren't applied to their retirement accounts.

The department is suing MCA officers Patrick Quinlan, Lee Wells and Keith Pietila to collect more than $15,000 in interest that employees would have earned had their retirement-plan payroll deductions been properly...

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