Financier David Murdock was sued by a union.

The Amalgamated Clothing and Textile Workers Union said it sued Los Angeles-based Murdock and several associates in U.S. District Court, accusing them of using assets of the Cannon Mills retirement plan to further Murdock’s corporate takeover strategies. The suit said Murdock used the pension plan as a “capital accumulation vehicle.” Specifically, the suit said trustees directed pension plan investments into companies that Murdock himself had substantial holdings in or was attempting to take over, especially Occidental Petroleum and Kaiser Cement Corp.