Federal courts
Trade-worker funds lose appeal to recover Madoff losses
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
Pension funds win $688 million settlement with Merck
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 sue Fidelity for 'fiduciary self-dealing'
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
PBGC sues Renco Group over RG Steel pension obligations
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
Hostess pension fund, union hires investment bank in asset sale
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
Miami Beach pension fund wins shareholder suit over currency derivatives
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
Bankruptcy court judge tentatively rules against CalPERS' suit vs. San Bernardino
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
Judge approves American Airlines pilot contract, pension freeze
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
Senior American Airlines pilots seek to keep lump-sum payments
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
Bankruptcy trustee wants Aletheia's case dismissed
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
Hostess pension fund, union challenge wind-down, bonus plan
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
Pension fund sues St. Jude Medical over cardio-defibrillator misstatements
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
ABP: Lawsuit against J.P. Morgan settled
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
North Carolina Retirement Systems among Facebook lawsuit's lead plaintiffs
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
American pilots accept contract with pension freeze provision
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...
