Over 100 Funeral Directors meet in Illinois Funeral Mess-YourFuneralGuy

5 Jun

Jeff Dames  one of the six funeral directors in a lawsuit against the IFDA has taken some leadership in opposing the The STATE OF ILLINOIS $18 mil SETTLEMENT WITH MERRILL LYNCH in IFDA Funeral Director Mess.

Jeff Dames one of the six funeral directors in a lawsuit against the IFDA has taken some leadership in opposing the The STATE OF ILLINOIS $18 mil SETTLEMENT WITH MERRILL LYNCH in IFDA Funeral Director Mess.

Over 100 Funeral Directors have met in opposition to  a State  Settlement  in the Illinois Funeral Directors Pre need Scandal Mess. It all involves a State Settlement With Merrill Lynch  for $18 million. Funeral Directors say that 18 Million is not enough to cover their losses.

It was not revealed if this meeting was a precursor to a new funeral association in the State of Illinois. The six funeral directors suing the IFDA have a website with what appears to be a logo.

“Their Organization is called THE IFSA

I have it on authority that these folks are E-mailing IFDA members around the State. I received an E- Mail from the Six Funeral directors above.”-Quote from previous post on this blog.

Whether the IFSA is an organization reffering to the six Funeral Directors themselves is not clear. As suggested here in a post, IFSA may be the Start of  a new IFDA.  Six Suing ILLINOIS Funeral Directors Start Own Trade Association?” (this post has been updated.)

What is clear is that the six mentioned funeral directors  got over 1oo Funeral Directors and their Lawyers to meet at the Crown Plaza Hotel on Wednesday, June, 4th.2009.

Springfield, IL where Illinois Funeral Scandal began and continues.

Springfield, IL where Illinois Funeral Scandal began and continues.

According to the State Journal Register in Springfield Illinois in a June 5th 2009 inprint article:

“More than 100 funeral directors gathered Thursday in Springfield to challenge an $18 million settlement reached between the Illinois Division of Insurance and Merrill Lynch.

The amount is a fraction of what undertakers say they’ve lost due to poor investments made with money paid into a pre-need funeral trust fund that has tanked……

Afterward, funeral directors met at the Crowne Plaza Hotel and vowed to fight the provision that requires them to release Merrill Lynch from liability in order to collect their shares of the settlement – the largest settlement of an insurance case in Illinois history.

“Do you stand on your principles or do you take the money?” asked Jeff Dames, whose family owns funeral homes in Joliet and Morris. “We’re going to hold their feet to the fire, and we’re gong to make them accountable.”

According to the State Journal Register Jeff Dames and Fred C. Dames Funeral Homes have taken leadership in

 Funeral Directors are very angry with the Regulators in the State of Illinois aboyt an $18 Mil Settlement with Merrill Lynch

Funeral Directors are very angry with the Regulators in the State of Illinois aboutt an $18 Mil Settlement with Merrill Lynch

opposition to the $18 Mil. Agreement  between State Regulators and Merrill Lynch.

“Dames and other funeral directors blame state regulators as much as Merrill Lynch for the financial mess, which festered for years before the state took action.

“The laws that are in place should have protected us,” Dames said”

Funeral Industry|Funeral Blog by YourFuneralGuy

THIS POST IS RELEVANT TO THE ILLINOIS FUNERAL CONSUMER BECAUSE FUNERAL DIRECTORS IN THIS STATE LOST NEAR 100 Million in this Preneed Scandal.

IN MOST CASES FUNERAL DIRECTORS MAKE UP LOSSES BY RAISING PRICES.


Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: