he U.S. Department of Labor
has sued the owner of a foundry in Fairfield, Iowa, claiming that he and
associates illegally took $4.9 million from the company's pension plan, the Omaha
World Herald reported.
The lawsuit, filed in federal court in
Lexington, Ky., claims that George Hofmeister of Paris, Ky., and his business
associates used money from the pension plan for workers at Fairfield Castings
for loans to other companies controlled by Hofmeister.