The U.S. Department of Labor is suing Michigan-based vehicle parts manufacturer Metavation LLC to restore more than $34 million in assets to two pension funds that were allegedly used in violation of the Employee Retirement Income Security Act.

George Hofmeister, chairman and director of Metavation, which is a subsidiary of Lexington, Ky.-based Revstone Industries LLC, and Bernard Tew, managing director of Tew Enterprises LLC and Bluegrass Investment Management LLC are named in the lawsuit. Tew Enterprises and Bluegrass Investment Management are named because they acted as investment advisers to the two plans.

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