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Teachers union insurance fund files suit

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The state teachers union’s insurance fund has sued some former officials, financial advisers and consultants, saying they mismanaged its long-term disability insurance trust.

The Indianapolis Star reports that Ed Sullivan filed the lawsuit Thursday in Marion Superior Court. He was appointed sole trustee over the Indiana State Teachers Association and its insurance fund in May as part of a takeover by its parent, the National Education Association.

It follows a competing class-action lawsuit by teachers seeking to recover damages from ISTA and many of the same defendants.

ISTA’s suit names Warren L. Williams, ISTA’s former executive director, who resigned in May, and Robert Frankel, the fund’s former director, among several defendants.

© 2009 Associated Press. Displayed by permission. All rights reserved.

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