The tentative agreement calls for the WTU and its parent organization, the American Federation of Teachers, to "jointly pursue the recovery of money from those who embezzled and absconded with millions of dollars from the WTU," the settlement document states.Interestingly, Mr. Saunders is now the union's vice president.
In addition, the union and federation have agreed to pursue "individuals and entities that aided and abetted or facilitated the embezzlement of funds," the document states.
According to the proposed resolution, the union and the federation will continue to pursue claims against former executives and Independence Federal Savings.
The court document also outlines a repayment plan in which the union will reimburse the federation $466,638 in delinquent teacher dues resulting from the embezzlement. The union will pay the federation $10,000 a month over the next four years.
Because Mr. Saunders filed his lawsuit on behalf of the union as an institution, teachers will get a chance to review the agreement before the deal becomes official.
Monday, October 10, 2005
Deal to pursue WTU money close
Back in 2002 DCPS teacher Nathan Saunders filed suit against the former Washington Teachers' Union's Board of Trustees and the Independence Federal Savings Bank to try to reclaim union dues that were embezzled by union executives. Today, it appears that a settlement in the case is near.