Federal courts

High court seen likely to take ERISA fidicuary-breach case

High court seen likely to take ERISA fidicuary-breach case

Chances have improved that the Supreme Court could rule on an ERISA fiduciary-breach case involving a dispute over how courts should interpret the law's statute of limitations on fiduciary-breach...

September 01, 2014
Cox Enterprises ordered to pay $13.9 million to PBGC for News-Journal plan

Cox Enterprises ordered to pay $13.9 million to PBGC for News-Journal plan

Cox Enterprises Inc. will have to give the Pension Benefit Guaranty Corp. $13.9 million to cover the unfunded pension liabilities of News-Journal Corp.

August 13, 2014 | 06:04 pm
J.P. Morgan accused of self-dealing in managing church trust

J.P. Morgan accused of self-dealing in managing church trust

Christ Church Cathedral, Indianapolis, is suing J.P. Morgan Chase & Co. in federal court, claiming two cathedral trusts lost a total of $13 million from investments managed by the firm from 2004...

August 13, 2014 | 03:37 pm
 Lawsuit against Financial Engines a red flag for plan executives

Lawsuit against Financial Engines a red flag for plan executives

GRQ Investment Management filed a lawsuit Aug. 8 against Financial Engines and Financial Engines Advisors in U.S. District Court claiming Financial Engines infringed on a pair of patents belonging to ...

August 12, 2014 | 11:14 am
Villalobos trial delayed as new charge is added to indictment

Villalobos trial delayed as new charge is added to indictment

The trial of former CalPERS board member Alfred Villalobos was delayed on Friday by U.S. District Judge Charles Breyer to Feb. 23 to give the defense more time to respond to an expanded government...

August 08, 2014 | 04:27 pm

Baltimore police and fire pension reforms upheld

A federal appeals court upheld reforms made to the $2.4 billion Baltimore City Fire & Police Employees Retirement System but left the door open for further challenges under a different legal argument.

August 07, 2014 | 04:12 pm

Blackstone, KKR, TPG to pay $325 million to end LBO lawsuit

Blackstone Group, KKR & Co. and TPG Capital agreed to pay a combined $325 million to settle nearly 7-year-old claims they colluded to keep leveraged buyout prices low.

August 07, 2014 | 02:46 pm
Lockheed Martin 401(k) class-action lawsuit approved for trial

Lockheed Martin 401(k) class-action lawsuit approved for trial

A class-action lawsuit brought by employees of Lockheed Martin Corp., Bethesda, Md., has been approved for trial by a U.S. district court judge.

August 05, 2014 | 05:41 pm
Wyoming to benefit from $340 million class-action settlement

Wyoming to benefit from $340 million class-action settlement

The $7.6 billion Wyoming Retirement System, Cheyenne, is receiving a portion of a $340 million settlement from a lawsuit against former executives and institutions associated with mortgage-backed...

August 04, 2014 | 02:40 pm
 Barclays wants dark-pool lawsuit dismissed

Barclays wants dark-pool lawsuit dismissed

Barclays on Thursday filed a motion to dismiss a lawsuit that claims the bank misled clients about the extent of high-frequency trading in its Barclays LX dark pool, saying the complaint does not...

July 24, 2014 | 11:11 am

Church pension plan status rejected by U.S. District Court

In one of five major class-action lawsuits challenging church-affiliated sponsors of defined benefit plans, a federal judge ruled Tuesday that the pension plan of Dignity Health is covered by ERISA.

July 23, 2014 | 04:17 pm
Credit Suisse dumping fixed-income commodities trading

Credit Suisse dumping fixed-income commodities trading

Credit Suisse will exit the commodities trading business.

July 22, 2014 | 06:10 pm
Legal troubles could jeopardize BNP Paribas' U.S. growth plans

Legal troubles could jeopardize BNP Paribas' U.S. growth plans

BNP Paribas Securities Services' plans to expand in the U.S. could be hampered because of last month's guilty plea by its French banking parent to processing $30 billion in transactions with...

July 17, 2014 | 02:36 pm

BP employees can sue for stock losses, appeals court says

BP PLC employees can sue managers of the company’s retirement plan over losses related to the 2010 Gulf of Mexico oil spill, a U.S. appeals court said.

July 16, 2014 | 04:00 pm
Ex-CalPERS CEO Buenrostro pleads guilty, admits to taking cash bribes of $200,000

Ex-CalPERS CEO Buenrostro pleads guilty, admits to taking cash bribes of $200,000

Former CalPERS CEO Federico R. Buenrostro pleaded guilty Friday to a charge of conspiracy to commit bribery and fraud, admitting he received $200,000 in cash bribes — in paper bags and a shoe...

July 11, 2014 | 02:13 pm