Labor Dept. Wants Law Firm Partner to Restore $50K to 401(k)

Dispute between DOL and law firm partner makes second trip to Third Circuit

DOL says $50,000 judgment against partner can’t be offset by state court judgment

The managing partner of a dissolved law firm can’t avoid paying a $50,000 judgment to the Labor Department just because he also lost a state court lawsuit involving the same alleged misconduct, the department told a federal appeals court.

The DOL asked the court to force Richard J. Kwasny to restore more than $50,000 to his law firm’s 401(k) plan after the DOL said he mishandled plan assets in violation of the Employee Retirement ...