Detroit was officially deemed bankrupt by Judge Steven W. Rhodes in U.S. Bankruptcy Court in Detroit on Tuesday.
December 03, 2013 | 01:56 pm
The appeal of company stock as an investment option in 401(k) plans could dim considerably if the Department of Labor succeeds in having the U.S. Supreme Court revisit the issue of fiduciary prudence ...
November 25, 2013
Argentina lost its bid for a rehearing of a federal appeals court ruling against it in litigation over $1.5 billion in the nation's defaulted bonds.
November 19, 2013 | 01:15 pm
A federal judge approved a settlement between the Commodity Futures Trading Commission and MF Global Inc. in which the futures broker will repay $1.2 billion to customers and other creditors who lost ...
November 18, 2013 | 01:56 pm
The Supreme Court agreed Nov. 15 to reconsider a key legal precedent that investors rely on when bringing class-action lawsuits. The petition was brought by Halliburton Co. and backed by numerous...
November 18, 2013 | 03:54 pm
Virginia Retirement System and Alberta Investment Management Corp. may proceed with their class-action securities lawsuit against MF Global Holdings Ltd.; Jon S. Corzine, who was its chairman and...
November 13, 2013 | 03:54 pm
Standard & Poor's is asking a California judge to rule that its credit ratings are opinions protected by state law.
November 13, 2013 | 11:59 am
Illinois State Universities Retirement System, Champaign, accused J.P. Morgan Chase, Goldman Sachs, Bank of America, and 11 other global banking institutions and dealer groups for monopolizing the...
November 11, 2013 | 03:59 pm
Alphametrix was accused of misappropriating $2.8 million belonging to pool participants in a lawsuit filed by the Commodity Futures Trading Commission.
November 05, 2013 | 12:43 pm
S.A.C. Capital Advisors and three affiliated companies will plead “guilty to every count” of an insider-trading indictment and will pay an additional $1.2 billion to settle charges.
November 04, 2013 | 02:27 pm
Sunkist Growers Inc. and its pension plan fiduciaries were ordered by a federal judge to restore $1.6 million in plan losses to the company's three defined benefit plans. Sunkist Growers must also...
November 01, 2013 | 09:11 am
CalPERS will appeal a judge’s ruling that found the city of San Bernardino eligible to remain in Chapter 9 bankruptcy.
October 18, 2013 | 01:31 pm
A federal judge questioned whether pension rights for Detroit's municipal workers can be guaranteed by the Michigan Constitution, as claimed by current and retired employees seeking to have the...
October 16, 2013 | 11:48 am
California filed a lawsuit against the Department of Labor on Friday for “improperly denying federal grants to California public transit works after it erroneously concluded that the pension...
October 04, 2013 | 05:47 pm
International Paper Co. agreed to pay current and former employees a total of $30 million to settle a class-action lawsuit.