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...
May 02, 2013 | 01:20 pm
Eastman Kodak Co., Rochester, N.Y., agreed to spin off two business units to the £1 billion ($1.5 billion) U.K. Kodak Pension Plan, its largest creditor.
April 29, 2013 | 02:57 pm
The five New York City pension plans have sued BP PLC trying to recover investment losses for what they allege were “misleading statements” by the oil company before and after the...
April 26, 2013 | 03:32 pm
Bank of New York Mellon Corp. must face a U.S. lawsuit that accuses the world's largest custody bank of defrauding clients in foreign-exchange transactions, a federal judge ruled.
April 24, 2013 | 03:55 pm
A former Canadian investment banker who consulted the C$172.6 billion (US$168.8 billion) Canada Pension Plan Investment Board, Toronto, on investment ideas will pay $340,000 to the SEC to settle...
April 16, 2013 | 02:34 pm
Stockton, Calif., can stay in bankruptcy protection after a judge said he found that the biggest U.S. city in bankruptcy negotiated in good faith with its creditors, and that the creditors didn't.
April 01, 2013 | 03:52 pm
John Johnson, chief investment officer of the $6.5 billion Wyoming Retirement System, Cheyenne, has been placed on administrative review leave after pleading guilty to SEC charges of ...
March 27, 2013 | 04:29 pm
Boeing Co. won a U.S. appeals court ruling affirming the dismissal of an investor lawsuit accusing company officials of making misleading public statements about the readiness of its 787...
March 26, 2013 | 03:16 pm
Goldman Sachs' bid to stop a class-action lawsuit led by the NECA-IBEW Health & Welfare Fund was rebuffed Tuesday by the Supreme Court, which declined to review the case.
March 19, 2013 | 04:05 pm
Christopher Bower and alternative investment consulting and money management firm Pacific Corporate Group are suing the lawyer, his law firm and the consulting firm CalPERS hired to investigate the...
March 15, 2013 | 04:31 pm
A federal judge declined to dismiss a case against 11 of the largest buyout firms and investment banks for allegedly colluding to suppress competition, according to an order filed Wednesday.
March 13, 2013 | 04:19 pm
Participants from three more 401(k) plans have sued Fidelity Investments, alleging the company violated ERISA through its use of float income.
March 08, 2013 | 03:59 pm
The Supreme Court Wednesday rebuffed efforts to make stock-loss class-action lawsuits more difficult to start, siding with an investor group led by the $24.3 billion Connecticut Retirement Plans &...
February 27, 2013 | 03:37 pm
Providence, R.I., on Tuesday filed a lawsuit against Buck Consultants, its longtime pension actuary, accusing the firm of miscalculating $700,000 of savings the city expected this year through...