The American Academy of Actuaries says it has resolved a lawsuit involving Bruce Schobel, the organization's former president-elect.
Schobel filed the suit Sept. 1, after the AAA, Washington, chose a new president-elect.
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AAA, Schobel Resolve Lawsuit
By
Allison Bell
September 30, 2009 at 08:00 PM
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"The resolution of the lawsuit had nothing to do with Mr. Schobel's service as a member of the Academy's board of directors or as its president-elect," the AAA says in a statement about the resoluion ofthe lawsuit. "To the contrary, the Academy thanks Mr. Schobel for his dedication and service as both a member of the Academy's board and as its president-elect."
Schobel said it is in the best interests of the profession for the litigation to cease so that he and the AAA can get back to the important work that must go on, the AAA says.
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