More Woes For Ruralogic

Another set­back for Ruralogic. The com­pany, based in Bryan, lost a suit in Fed­eral Court that was filed by the US Depart­ment of Labor late last year, alleg­ing improper use of pen­sion funds.

The court ruled against Ruralogic, Inc., its sis­ter com­pany Cir­ric, Inc. and their own­ers, Joseph Burmester and C. David Sny­der for the full amount sought, which adds up to more than $143,000.

Burmester and Ruralogic are now on the hook for more than $64,000 of that total.

On top of the mon­e­tary rul­ing, Sny­der and Burmester each were also barred from serv­ing as a fidu­ciary or ser­vice provider to any Employee Retire­ment Income Secu­rity Act-covered employee ben­e­fit plan.

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