Originally Posted by
donpizmeov
So should they cave with every threat of a court case?
At the risk of teaching you to suck eggs ..this depends on whether
1 Is it legal to risk the pilot money on a case.
2.The potential loss to the fund if you lose.
3.Whether the pilot managers give a d as its not their money...it is pilot money so we are told.
16 INVESTMENTS AND ACCOUNTS
16.4 All contributions paid by, or on behalf of the Members, less any remuneration or expenses shall be invested and/or held to administer the Plan and to fund the liabilities of the Plan
to the extent that the Plan allows. The Trustee shall, where there have been deductions made in respect of remuneration or expenses provide the Members with a proper accounting for such deductions.
API Rule 16.4 API – 4 December 2017 Page 20 of 27