An 8 April 2022 Black Enterprise article by Derek Major reporting that federal class-action lawsuits filed by retired African Methodist Episcopal Church pastors alleged the denomination's pastoral pension fund, valued at about 126 million dollars the previous year, had lost more than 90 million dollars through investments the suits describe as irresponsible, affecting more than 5,000 retirees.
Facts
Assessment
Reliability Tier2
Tier 2: an 8 April 2022 article by Derek Major for Black Enterprise, a national magazine covering Black business and public affairs, read directly, reporting that at least three federal class-action lawsuits by retired African Methodist Episcopal Church pastors alleged the denomination's pastoral pension fund, valued at about 126 million dollars the previous year, had lost more than 90 million dollars, about 70 percent of its value, through investments the suits describe as irresponsible. A named-byline national outlet's direct reporting on freshly filed federal litigation, not the court filings themselves and not yet a judicial finding of fact. Citation
AuthorDerek Major
PublisherBlack Enterprise
Publication Year2022
URLhttps://www.blackenterprise.com/ame-church-facing-multiple-lawsuits-over-90-million-missing-from-ame-pension-funds/
Source Typenews feature
Connections
Associated With
This source names African Methodist Episcopal Church directly: "class-action lawsuits filed by retired African Methodist Episcopal Church pastors alleged the denomination's pastoral pension fund, valued at about 126 million dollars the previous year, had lost..."
Source AME Church Facing Multiple Lawsuits, Over $90 Million Missing From AME Pension Funds (Black Enterprise, 2022)Derek Major
Claims Backed By This Source (11 claims)
This source backs 11 claims across the atlas. As facts: 9 well-attested. As cited relationships: 1 holds. Plus 1 entities citing it as a general reference with no single fact or relationship attached.
Disposition By Topic
- Sources, 8 claims: 7 well-attested, 1 holds.
- Denominations, 3 claims: 2 well-attested, 1 general references.
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