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MIAMI, June 30 /PRNewswire/ -- Eric Schaer's name has been cleared of all false charges against Mr. Schaer by The Department of Labor in the case of Chao vs. Schaer et. al., U.S. District Ct. Southern District of Fla. Miami Div., #05-21568-Civ-Moreno.
The case and claims by the government were dismissed by Federal Judge Moreno with prejudice against the government. No injunction, sanctions, or bar against Mr. Schaer acting as a fiduciary or ERISA Plan Administrator has been entered against Eric Schaer. Bisys, the plan trustee, determined that Mr. Schaer's company ETF …