SALEM, N.H. (AP) – The government is suing the owner of a Salem firm as it tries to restore money to the employees’ profit sharing plan.
The U.S. Labor Department alleges Richard Landry, owner of Landry Architects, did not properly monitor financial companies that raided his company’s investment plan. The owner of the companies was convicted of stealing more than half million dollars from the funds.
The Labor Department lawsuit asks a judge to order Landry to restore the lost money, ban him from managing any other employees plans and appoint an independent trustee to manage his company plan.
Send questions/comments to the editors.
Related Stories
Latest Articles
Success. Please wait for the page to reload. If the page does not reload within 5 seconds, please refresh the page.
Enter your email and password to access comments.
Hi, to comment on stories you must . This profile is in addition to your subscription and website login.
Already have a commenting profile? .
Invalid username/password.
Please check your email to confirm and complete your registration.
Only subscribers are eligible to post comments. Please subscribe or login first for digital access. Here’s why.
Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.