Employment Background Check Guidelines: Complying with the Fair Credit Reporting Act, conducting credit background checks and running a criminal check to avoid negligent-hiring lawsuits.

CHECK PLEASE! $4.7 million check written by former CEO & other executives

A court mandated the former CEO of a Nevada company and others to restore over $4.775 million, including interest, to two pension plans. This “pay day” was ordered after the court determined they breached their fiduciary duties under the Employee Retirement Income Security Act (ERISA) and engaged in prohibited transactions when they borrowed money from the plans to support the company operations and fund a $150 million casino project. (Chao v. USA Mining GAO Inc., E.D. Tenn., No. 1-04-CV-001, order 3/20/07).


Employment Background Check Guidelines: Complying with the Fair Credit Reporting Act, conducting credit background checks and running a criminal check to avoid negligent-hiring lawsuits.


Comments




Leave a reply:
Your Name *: Email (private): Website:
Please copy the characters from the image below into the text field below. Doing this helps us prevent automated submissions.
Security Code: img