Tom Hayes, the former UBS and Citigroup derivatives trader, was charged as part of the U.K.'s investigation into manipulation of the London interbank offered rate.
June 18, 2013 | 10:10 am
Wells Fargo & Co. faces a second Minnesota trial over claims by institutional investors that the bank marketed a risky securities lending program as safe and cost them millions of dollars in losses.
June 17, 2013 | 02:55 pm
Google Inc. settled a lawsuit brought by the Brockton (Mass.) Contributory Retirement System over the company's plan for a stock split that shareholders claimed would unfairly allow founders Larry...
June 17, 2013 | 12:44 pm
The Department of Labor is suing pension trustees of two subsidiaries of Revstone Industries LLC and an investment adviser to recover $4.9 million in defined benefit plan assets that the agency...
June 11, 2013 | 03:58 pm
The Securities and Exchange Commission charged an investment manager Monday with theft for allegedly stealing $3.1 million from the $3.4 billion Detroit Police and Fire Retirement System.
June 10, 2013 | 03:59 pm
ERISA legal expert A. Richard Susko has traded in his pinstripes for bike gear.
June 10, 2013
New Jersey Division of Investment, Trenton, has issued a request for qualification for firms to provide class-action lawsuit monitoring services and to provide independent proxy research and a web-...
June 04, 2013 | 02:36 pm
Bank of New York Mellon agreed to pay a total of $34 million to settle securities lending litigation brought by South Carolina Treasurer Curtis M. Loftis Jr.
May 31, 2013 | 12:53 pm
Detroit might resort to selling off precious works of art as one piece of a complicated solution to the city's fiscal woes, including multibillion-dollar public pension liabilities.
May 29, 2013 | 11:17 am
CalPERS is trying to ban a law firm from representing a creditor in the bankruptcy of the city of San Bernardino.
May 20, 2013 | 01:37 pm
Barclays PLC won dismissal of a lawsuit by holders of its American depository receipts who claimed the U.K. bank misled shareholders about its manipulation of the London interbank offered rate.
May 14, 2013 | 03:27 pm
The U.K. Supreme Court on Tuesday began hearing parallel cases challenging whether pension funds of insolvent companies have priority claim over other creditors.
May 14, 2013 | 02:39 pm
Mark Lyttleton, a former BlackRock managing director and portfolio manager, has been arrested as part of an insider-trading probe by the U.K. Financial Conduct Authority, two people familiar with the ...
May 14, 2013 | 11:21 am
Level Global Investors co-founder and portfolio manager Anthony Chiasson was sentenced Monday by U.S. District Judge Richard Sullivan in New York to serve 78 months in prison and to pay a $5 million...
May 13, 2013 | 04:18 pm
Todd Newman, a former portfolio manager at hedge fund specialist Diamondback Capital Management, was sentenced to 4½ years in prison for his role in an insider-trading scheme that the U.S. said...