Loading
Search
NEWS STORIES

Settlement near in funeral trust caseSubmitted: 06/20/2013
Settlement near in funeral trust case
Story By Associated Press

MILWAUKEE - People who paid up front for their funerals might be spared from the effects of bad investments.

The poor financial decisions left the Wisconsin Funeral Trust millions of dollars in the hole.

The fund was marketed as a safe investment vehicle.

But its money managers poured the cash into high-risk investments that lost money.

The fund that's supposed to have 70-million dollars on hand only has 48-million.

John Wirth is the court-appointed receiver of the trust.

He says the trust has reached a tentative settlement with the Wisconsin Funeral Directors Association.

Their members have been losing money to make sure clients get what they paid for.

The settlement would make sure clients still get fair value and funeral homes are fairly compensated.

A judge must approve the agreement.

(Copyright 2013 Associated Press - All Rights Reserved)


Text Size: + Increase | Decrease -
| Print Story | Email Story
Sponsored in part by HodagSports.com





 IN OTHER NEWS

Play Video

WAUSAU - Helen Wisniewski dipped out of work at her job as a software analyst in downtown Wausau for a few hours Monday morning.

"I'm taking my lunch break," Wisniewski said with a laugh.

Thanks to her special eclipse glasses, Wisniewski had no problem blending in with the crowd of people around her.

+ Read More

EAGLE RIVER - People will get the chance to see three protected areas by land and water this Wednesday.

Volunteers from the Northwoods Land Trust are hosting a Deerskin River Paddle and Preserve float trip that lets people get out of their boats and get up close and personal with protected lands.

+ Read More

TOMAHAWK - "This is the original sign that was on the building in 1929," said Tim Panfil as he pointed to a Rock Falls Rod and Gun Club sign.

Panfil wasn't a member of the club back then, but over the last 12 years the club has become a second family to him.

"It's the comradery and the friendships you build here. If you can't come here and make friends, you don't want any friends," he said.

+ Read More

Play Video

LAND O'LAKES - Millions of people all the over the U.S. looked up to see the first total eclipse here in almost 100 years.
While we only had a partial eclipse here in the Northwoods, it made the first day of class for students at the Conserve School in Land O'Lakes one they'll likely never forget.

"It's nothing like anything I've ever actually experienced. It's very different from normal school, and we've gone outside for every class too," said student Nora Henson.

+ Read More

WAUKESHA - One of two teenagers charged with repeatedly stabbing a classmate to impress a fictitious horror character called Slender Man has decided to plead guilty to a lesser charge.

Fifteen-year-old Anissa Weier pleaded guilty Monday to attempted second-degree homicide as a party to a crime, with use of a deadly weapon.

+ Read More

ARMSTRONG CREEK - Monday night in Armstrong Creek, dozens gathered to discuss a sex offender potentially being placed in town. Jeffrey LeVasseur was found guilty of first degree sexual assault of a child in 1995. 

The State Department of Health notified members of the town board recently that a property in Armstrong Creek is being considered to house LeVasseur when he is released.

+ Read More

EGG HARBOR - A weekend fire heavily damaged a business in Door County.

The blaze at Shipwrecked Brew Pub along state Highway 42 broke out just as the restaurant, brewery, and inn was opening for the day Sunday.

+ Read More
+ More General News
Search: 





Click Here