A federal court ordered Zenith Capital, a Santa Rosa, Calif., investment advisory firm, and its three fiduciaries to pay $1.1 million to 13 employee benefit plans. The firm invested funds from the plans in Global Money Management, a hedge fund that went bankrupt. The court said the defendants engaged in prohibited transactions, breached their fiduciary duty and failed to disclose Global Money Management's ownership stake in Zenith Capital.

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