An investor lawsuit led by North Carolina Retirement Systems against Facebook Inc. and its IPO underwriters can proceed, a federal judge ruled Wednesday.
December 19, 2013 | 03:26 pm
Lest California cities in, or considering, bankruptcy get too euphoric over the mileage they might get from the Detroit ruling on public employee pension rights (“Detroit ruling reverberates...
December 18, 2013 | 11:17 am
A class-action lawsuit brought by employees of Lockheed Martin Corp. can proceed to trial now that the U.S. Supreme Court declined to hear the company's appeal on Monday.
December 16, 2013 | 04:11 pm
In the first decision among five major class-action lawsuits challenging church-affiliated sponsors of defined benefit plans, a federal judge found that ERISA rules do apply.
December 16, 2013 | 04:07 pm
Pension funds opposing Detroit's reorganization were allowed by the judge overseeing the case to go directly to the U.S. Court of Appeals in Cincinnati in their effort to pull the city out of...
December 16, 2013 | 03:38 pm
The U.S. Supreme Court on Friday agreed to revisit the issue of fiduciary prudence in managing employer stock investment options in defined contribution plans.
December 13, 2013 | 03:55 pm
Detroit was officially deemed bankrupt by Judge Steven W. Rhodes in U.S. Bankruptcy Court in Detroit on Tuesday.
December 03, 2013 | 01:56 pm
The appeal of company stock as an investment option in 401(k) plans could dim considerably if the Department of Labor succeeds in having the U.S. Supreme Court revisit the issue of fiduciary prudence ...
November 25, 2013
Argentina lost its bid for a rehearing of a federal appeals court ruling against it in litigation over $1.5 billion in the nation's defaulted bonds.
November 19, 2013 | 01:15 pm
A federal judge approved a settlement between the Commodity Futures Trading Commission and MF Global Inc. in which the futures broker will repay $1.2 billion to customers and other creditors who lost ...
November 18, 2013 | 01:56 pm
The Supreme Court agreed Nov. 15 to reconsider a key legal precedent that investors rely on when bringing class-action lawsuits. The petition was brought by Halliburton Co. and backed by numerous...
November 18, 2013 | 03:54 pm
Virginia Retirement System and Alberta Investment Management Corp. may proceed with their class-action securities lawsuit against MF Global Holdings Ltd.; Jon S. Corzine, who was its chairman and...
November 13, 2013 | 03:54 pm
Standard & Poor's is asking a California judge to rule that its credit ratings are opinions protected by state law.
November 13, 2013 | 11:59 am
Illinois State Universities Retirement System, Champaign, accused J.P. Morgan Chase, Goldman Sachs, Bank of America, and 11 other global banking institutions and dealer groups for monopolizing the...
November 11, 2013 | 03:59 pm
Alphametrix was accused of misappropriating $2.8 million belonging to pool participants in a lawsuit filed by the Commodity Futures Trading Commission.