Kentucky Retirement Systems plans to appeal a recent bankruptcy ruling that cleared the way for Seven Counties Services Inc. to leave the $15.5 billion retirement system.
June 11, 2014 | 04:18 pm
Citigroup Inc.’s $285 million mortgage-securities deal with the Securities and Exchange Commission was revived as an appeals court assailed a judge’s demand for more evidence backing up...
June 04, 2014 | 01:39 pm
A federal appeals court has rejected requests from a defendant and plaintiffs to rehear Tussey vs. ABB, a fiduciary breach case.
May 22, 2014 | 04:11 pm
Former S.A.C. Capital Advisors hedge fund manager Michael Steinberg was sentenced to 3.5 years in prison for insider trading on Friday, capping one of the biggest victories for prosecutors who spent...
May 16, 2014 | 02:13 pm
A federal court dismissed claims against Ascension Health Alliance, St. Louis, that its pension plan was not entitled to church plan status.
May 12, 2014 | 04:21 pm
CalPERS announced on Monday a $12.75 million settlement with Ernst & Young, former auditor of Lehman Brothers Holdings Inc., stemming from a lawsuit filed by the $289.1 billion California Public...
May 05, 2014 | 03:17 pm
CalPERS filed an amicus brief in 6th U.S. Circuit Court of Appeals in Cincinnati on Thursday regarding the city of Detroit's bankruptcy case.
May 01, 2014 | 06:14 pm
Plaintiffs and a defendant have filed dueling requests to appeal a recent court ruling in the complex ERISA fiduciary-breach case of Tussey vs. ABB Inc.
April 28, 2014
Stephen Walsh, the WG Trading Co. money manager charged with conspiring to swindle investors out of $554 million over 13 years, pleaded guilty Friday to securities fraud a few months before his trial.
April 25, 2014 | 04:08 pm
A slew of public pension funds filed lawsuits against BP PLC on April 18 for investment losses resulting from the Deepwater Horizon oil rig explosion and oil spill in April 2010.
April 22, 2014 | 12:42 pm
Maryland Attorney General Douglas F. Gansler's office announced on Friday it is filing a lawsuit against BP PLC for losses sustained by the $44 billion Maryland State Retirement & Pension System,...
April 18, 2014 | 03:19 pm
Plaintiffs and a defendant have filed dueling requests to appeal a recent court ruling in the complex ERISA fiduciary-breach case Tussey vs. ABB.
April 17, 2014 | 03:30 pm
Trustees of the $3.4 billion Detroit Police & Fire Retirement System on Thursday morning approved the economic terms of a settlement that will eliminate the pension cuts included in the city's...
April 17, 2014 | 04:29 pm
Fidelity Investments' recent victory in Tussey vs. ABB Inc. creates questions for plaintiffs in several other lawsuits alleging a similar fiduciary breach by Fidelity in its handling of float income.
April 14, 2014
The U.S. Supreme Court Wednesday debated the special burden placed on fiduciaries by the inclusion of employee stock options within defined contribution plans.