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Eric Schaer Cleared of All Dept. of Labor Charges.

PR Newswire

| June 30, 2006 | COPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

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 …

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