Department of Labor sues principal of defunct Pennsylvania modular building manufacturer to remove company’s health plan fiduciary, restore losses
Date of action: Sept. 22, 2024 Type of action: Complaint Court: U.S. District Court for the Southern District of New York Defendants: Jacob Frydman and iBuilt LLC Group Health Plan Background: An investigation by the U.S. Department of Labor’s Employee Benefits Security Administration found that from March to June 2021, plan fiduciary Jacob Frydman