Legal/Courts
AFTRA pension fund in settlement with J.P. Morgan
J.P. Morgan Chase reached an “agreement in principal” to settle a class-action lawsuit filed by the $1.5 billion American Federation of Television and Radio Artists Retirement Fund and...
February 08, 2012 | 12:27 pm
Oklahoma Firefighters pension plan sues over Student Loan Corp. losses
Citigroup, Discover Financial Services and Student Loan Corp. were sued by the $1.7 billion Oklahoma Firefighters Pension & Retirement System over claims that Student Loan Corp. misled investors...
February 06, 2012 | 02:42 pm
PBGC updates estimate of funding relief for American Airlines
Congress gave American Airlines an estimated $2.1 billion in pension funding relief over the past six years, nearly double an earlier estimate, the PBGC announced Monday.
February 06, 2012 | 04:06 pm
PBGC worthy opponent in AMR bankruptcy fight
The PBGC and its director, Joshua Gotbaum, have a fighting chance of winning their battle against American Airlines, which is trying to terminate four pension plans as part of parent AMR Corp.'s...
February 06, 2012
Prudential unit may get $28 million from State Street
Prudential Retirement Insurance and Annuity is entitled to $28 million under a ruling by a federal court judge who found that State Street Bank and Trust breached its fiduciary duty in managing two...
February 03, 2012 | 03:55 pm
Motorola Solutions agrees to pay $200 million to settle investor suit
Motorola Solutions Inc. agreed to pay $200 million to settle a 2007 investor lawsuit co-led by two Michigan pension plans that accused the company of overstating its sales prospects.
February 03, 2012 | 01:46 pm
American Airlines to drop DB pension plans
AMR Corp.'s American Airlines plans to terminate its four pension funds and start offering new 401(k) plans to employees, according to American's website.
February 01, 2012 | 03:38 pm
Tribune to contribute $4.5 million to settlement of retirement fund lawsuit
Tribune Co., Chicago, will contribute $4.45 million to the $32 million settlement of an employee retirement-fund lawsuit to which it no longer is a party.
January 30, 2012 | 03:36 pm
Dutch fund giant ABP sues Goldman Sachs over RMBS statements
Stichting Pensioenfonds ABP sued Goldman Sachs Group in New York State Superior Court on Friday, accusing the investment bank of making false or misleading statements in selling residential mortgage-...
January 27, 2012 | 05:52 pm
PBGC: American Airlines employees should worry about pensions
The PBGC on Thursday warned American Airlines' employees that they should worry about their pension benefits.
January 26, 2012 | 04:25 pm
Virginia Retirement to co-lead suit against Corzine over MF Global losses
Virginia Retirement System, Richmond, and the Canadian province of Alberta will lead a group lawsuit against Jon Corzine seeking compensation for losses from MF Global Holdings' collapse.
January 26, 2012 | 03:15 pm
American Airlines tells employees: Don't worry about pension plans
American Airlines told its employees that more than 90% of vested participants in the airline's defined benefit plans will not lose their pension benefits if the plans are terminated as part of the...
January 24, 2012 | 04:16 pm
Royal Crown Bottling leaves $8 million in pension claims
Royal Crown Bottling Co. of Chicago lists a total of $8 million in unsecured pension claims in the Chapter 7 bankruptcy filing the company filed Jan. 20.
January 23, 2012 | 03:56 pm
Diamondback to pay $9 million in settlement, avoids criminal prosecution
Diamondback Capital Management won't be criminally prosecuted and will pay more than $9 million to end an insider-trading investigation involving Dell and Nvidia stock.
January 23, 2012 | 04:25 pm
Virginia Retirement System asks to be co-lead plaintiff in MF Global lawsuit
Virginia Retirement System, Richmond, is seeking to be co-lead plaintiff with the Canadian province of Alberta in a class-action lawsuit against MF Global Holdings.