Thank you for sharing!

Your article was successfully shared with the contacts you provided.

More than 50,000 unionized teachers in New York and New Hampshire will get an average of $450 from a settlement with investment company ING, which paid fees to unions to steer business its way, New York Attorney General Eliot Spitzer said Tuesday.

Spitzer said the $30 million settlement ends his investigation of ING Groep NV, a Dutch-based investment company that had paid as much as $3 million annually in fees to the New York State United Teachers union. New Hampshire teachers will share in a $3 million settlement worked out by Secretary of State William Gardner’s Bureau of Securities Regulation. Every teacher will receive at least $100. The agreement doesn’t cover New York City teachers who are represented by the United Federation of Teachers.

Want to continue reading?
Become a Free ALM Digital Reader.

Benefits of a Digital Membership:

  • Free access to 1 article* every 30 days
  • Access to the entire ALM network of websites
  • Unlimited access to the ALM suite of newsletters
  • Build custom alerts on any search topic of your choosing
  • Search by a wide range of topics

*May exclude premium content
Already have an account?


ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.