Courts/legal
Ex-UBS trader charged in U.K. LIBOR manipulation probe
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 to begin second Minnesota securities lending trial
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 settles suit with Massachusetts pension fund
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
DOL sues to recover more Revstone pension plan assets
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
SEC charges real estate manager MayfieldGentry with theft
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
Susko gains perspective on his cross-country ride
ERISA legal expert A. Richard Susko has traded in his pinstripes for bike gear.
June 10, 2013
New Jersey seeks lawsuit monitoring, proxy services
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
South Carolina securities lending settlement could net BNY Mellon 10-year custody contract
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
Artwork sale possible to resolve Detroit's financial woes, including pension liabilities
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 seeks to bar law firm in San Bernardino's bankruptcy
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
LIBOR investor suit against Barclays dismissed by U.S. judge
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
U.K. Supreme Court to decide if pension claims trump others' in bankruptcy cases
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
Ex-BlackRock portfolio manager arrested in U.K. probe — sources
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 sentenced to 6½ years in prison
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
Ex-Diamondback portfolio manager gets 4½ years for insider trading
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...
