Sunday, May 1, 2011

SLIP SLIDING AWAY

With the Security Fund facing additional benefit cuts,a looming financial crisis, an investigation by the Department  of Labor and  a participant lawsuit in Federal Court you would think John Phillipenas would have his hands full working to resolve the mess he's created. Instead Phillipenas threw his latest tantrum when the Trustees of the Security Fund refused to replace Fund legal counsel with his personal Attorney. Phillipenas  demanded the issue of hiring his attorney be arbitrated by the Fund. Arbitration will cost the Security Fund significant dollars in legal fees not to mention Local 631 which will pay the legal fees of his Attorney to arbitrate the case and to attend Fund meetings until a ruling on the arbitration is rendered. Did we mention that Phillipenas is having Local 631 pay his Attorney to sit in Fund meetings but he isn't permitted to speak?