Building-trade worker benefit funds that invested in feeder funds to Bernard L. Madoff Investment Securities won't be able to recover money from the Ponzi schemer's estate, a federal appeals court...
February 22, 2013 | 04:28 pm
Merck & Co. has agreed to a $688 million settlement in two combined class-action lawsuits led by public pension fund Mass PRIM and others.
February 14, 2013 | 02:56 pm
Participants in three 401(k) plans have sued Fidelity Investments, alleging the record keeper engaged in “fiduciary self-dealing,” thus violating the Employee Retirement Income Securities ...
February 07, 2013 | 04:02 pm
Pension Benefit Guaranty Corp. is suing holding company The Renco Group for alleged misrepresentations before the agency's takeover of two RG Steel LLC pension plans in which the company had a...
January 29, 2013 | 03:30 pm
The union and the pension fund representing Hostess Brands Inc. workers hired investment bank Gordian Group in connection with the bankruptcy of the maker of Twinkies and Wonder bread.
January 21, 2013 | 01:23 pm
Fibria Celulose agreed to pay shareholders $37.5 million to settle a lawsuit brought by the City of Miami Beach (Fla.) Pension Fund for Firefighters and Police Officers over $2.13 billion of currency-...
January 08, 2013 | 04:05 pm
CalPERS shouldn't be allowed to sue San Bernardino, Calif., to collect more than $5 million owed by the insolvent city, a judge said.
December 21, 2012 | 03:27 pm
American Airlines on Wednesday won court approval to eliminate lump-sum retirement payouts to pilots and proceed with plans to freeze their defined benefit plan.
December 19, 2012 | 03:26 pm
A group of senior pilots at American Airlines on Monday asked the judge overseeing parent AMR Corp's Chapter 11 bankruptcy case to withhold approval of a new labor agreement that would eliminate the...
December 17, 2012 | 05:36 pm
The office of the U.S. Bankruptcy Trustee is asking a judge to either dismiss the Chapter 11 petition from Aletheia Research and Management either to reorganize its finances or appoint a trustee to...
December 17, 2012 | 04:15 pm
A Hostess Brands union and a pension fund are appealing the court order that gave the bankrupt Twinkie maker permission to wind down.
December 14, 2012 | 04:59 pm
St. Jude Medical and three top officers were sued by the $607 million Norfolk County Retirement System, Canton, Mass., claiming the firm boosted share value by making misleading statements about the...
December 12, 2012 | 03:13 pm
Stichting Pensioenfonds ABP, Heerlen, Netherlands, on Tuesday said it settled a lawsuit with J.P. Morgan Chase over sales of residential mortgage-backed securities.
December 11, 2012 | 11:03 am
A group of institutional investors led by North Carolina Retirement Systems was named lead plaintiff in an investor lawsuit against Facebook and its IPO underwriters.
December 07, 2012 | 03:31 pm
Pilots at American Airlines agreed to accept a new contract with a proposal to freeze the pilots' defined benefit plan and instead contribute 14% of pay into a new 401(k) plan, their union announced...