DOL settles with Austin Capital over Madoff losses for pension plans

Pension and benefit funds investing indirectly in Bernard Madoff's Ponzi scheme through funds managed by Austin Capital Management will get more than $34 million in a settlement announced Wednesday by the Department of Labor.

http://www.pionline.com/article/20130227/DAILYREG/130229885/dol-settles-with-austin-capital-over-madoff-losses-for-pension-plans