Consumer Law
Pastors File Lawsuits Against AME Church Over Missing Retirement Funds
Pastors have filed at least three federal lawsuits in recent weeks against the African Methodist Episcopal Church along with several subsidiaries and financial firms the church used, alleging tens of millions of dollars from a pension fund were mismanaged and missing.
The retired and current pastors in Florida, Maryland and Virginia filed the lawsuits against the oldest historically Black denomination in the U.S. late last month. They are seeking class-action status on behalf of thousands of other AME pastors and church officials throughout the country who lost money through the pension fund.
The pastors, who were required to participate in the retirement plan, said they have been unable to get access to their money.
