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Yorktown’s Blue Book employees get steeply discounted $750,000 settlement

The U.S. Department of Labor sued Professional Fiduciary Services in 2019, alleging that the consultant had used blatantly unrealistic projections to establish the selling price of the Blue Book, causing the employees’ plan to “overpay by tens of millions of dollars above fair market value.”

Feds say employee plan paid way too much for Blue Book

Professional Fiduciary Services’s failure to thoroughly analyze the transaction, the complaint states, caused the employee plan to “overpay by tens of millions of dollars above fair market value.”