December 04, 2013
Today Rep. Todd Rokita issued the following statement following the finalization of a $14 million settlement between the National Educators Association, the Indiana State Teachers Association and the Office of Indiana Secretary of State Connie Lawson for the alleged $27 million defrauding of Hoosier teachers through a health insurance plan. Then-Secretary of State Rokita, with the office’s Securities Division, began the investigation and filed the eventual lawsuit against the teachers unions in 2009.
“As Secretary of State, I asked then-Securities Commissioner Chris Naylor and his team to consider opening this case because Hoosier teachers and school districts deserved answers and restitution from those that misled them, yet claimed to serve their interests.
Heretofore, using Indiana’s Security laws to right wrongs by one of the most powerful unions in our state was not only politically risky, but it had never been done. I’m pleased that the Indiana Securities Division was not deterred by politics and pursued this case doggedly. I applaud Commissioner Naylor, Secretary Lawson, and all who worked on this case for their hard work and determination in finding a resolution for Hoosier educators and schools,” Rokita said
The settlement for the case was announced in August and finalized this morning by Secretary Lawson’s office, which had taken over the case following Rokita’s two terms in office. A Timeline of the securities fraud case, provided by Lawson’s office, is attached. Additional details and archives on the investigation are available on the Indiana Secretary of State’s website.