New York Times

 

 

U.A.W. Sues Union-Owned Company

 

By Steven Greenhouse

January 31, 2003,

 

The United Automobile Workers has sued Ullico, a union-owned insurer, demanding that it release a report by former Gov. James R. Thompson of Illinois into accusations of improper stock trading by board members, a report the board voted to keep secret.

 

The U.A.W., which owns 150,000 shares of Ullico stock, filed its federal suit in Detroit. A federal grand jury in Washington, the Labor Department and the Securities and Exchange Commission are investigating stock trades in which several Ullico board members made more than $200,000.

 


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