Allianz fund manager's lawyer says U.S. got privileged information in fraud case
June 03, 2022 03:22:12 PMGregoire Tournant pleaded not guilty to five criminal charges related to the collapse of Allianz hedge funds that cost investors billions.
Judge dismisses ERISA complaint against Capital One Financial
June 01, 2022 10:49:59 AMA judge dismissed an ERISA complaint against Capital One Financial by a 401(k) plan participant who alleged ERISA violations.
Goldman Sachs agrees to $79.5 million settlement on 1MDB lawsuit
May 16, 2022 01:50:25 PMGoldman Sachs Group agreed to a $79.5 million settlement in a lawsuit filed by Fulton County Employees' Retirement System over the 1MDB bribery scheme.
Delaware court rules for Musk in lawsuit over SolarCity acquisition
April 28, 2022 01:56:35 PMDelaware Chancery Court ruled in favor of Elon Musk and the Tesla board in a suit alleging a fiduciary breach in the SolarCity acquisition.
AllianzGI settles more lawsuits over Structured Alpha losses
April 28, 2022 12:12:47 PMThree more pension funds announced they had reached settlements with Allianz Global Investors over losses in the firm's Structured Alpha strategies.
Archegos founder Bill Hwang hit with criminal, civil charges
April 27, 2022 11:32:35 AMArchegos Capital Management founder Bill Hwang and CFO Patrick Halligan were arrested and charged with fraud in the latest fallout for the firm.
Former Goldman banker Ng found guilty in 1MDB fraud scheme
April 08, 2022 02:39:03 PMRoger Ng, the only Goldman Sachs banker to go to trial over the 1MDB scandal, was found guilty for his role in the looting of the Malaysian fund.
Judge allows some ERISA allegations against PNC Financial
April 07, 2022 02:29:01 PMA federal court judge rejected most of PNC Financial's motion to dismiss an ERISA complaint brought by participants in a company 401(k) plan.
Judge tosses Treasury market competition lawsuit
April 01, 2022 01:36:20 PMA federal judge dismissed a class-action lawsuit alleging 10 banks conspired to suppress competition in the U.S. Treasury securities market.
ERISA case against USI Insurance dismissed
March 28, 2022 06:11:08 PMA judge dismissed an ERISA lawsuit against USI Insurance Services, saying the plaintiff didn't support her claims with appropriate data.
Capital One seeks to dismiss 401(k) complaint
March 16, 2022 01:45:09 PMCapital One said a lawsuit against its 401(k) plan should be dismissed because the complaint rests on circumstantial assertions.
3 retail investors sue Vanguard over target-date fund capital gains
March 15, 2022 06:13:04 PMThree retail investors in a Vanguard target-date fund series sued, alleging that a change caused them to incur unwanted capital gains taxes.
Infinity Q Capital faces investor lawsuit against firm
March 03, 2022 05:19:19 PMInfinity Q Capital Management faces a class-action suit alleging securities law violations and inflating its assets under management.
Allianz sets aside $4.2 billion for Structured Alpha lawsuits, probes
February 18, 2022 01:52:42 PMAllianz Group created a fund to cover its expected settlements over the 2020 collapse of its Structured Alpha funds.
SEC says former Infinity Q Capital CIO orchestrated fund valuation fraud
February 17, 2022 02:46:32 PMThe SEC filed a complaint against the founder and former CIO of Infinity Q Capital Management, claiming he overvalued assets.
ERISA case against Wood Group allowed to move forward
February 15, 2022 02:27:02 PMA federal judge rejected efforts by the fiduciaries of Wood Group U.S. Holdings and others to dismiss an ERISA lawsuit.
Credit Suisse settles securities lending collusion case
February 14, 2022 03:46:40 PMCredit Suisse agreed to pay $81 million to settle its portion of a lawsuit filed by three pension funds alleging collusion in the stock loan market.
Lawsuit challenges DOL investment advice guidance
February 10, 2022 02:43:58 PMA trade group filed suit against the Labor Department, claiming it issued new investment advice guidance without seeking public comment.
Supreme Court backs DC participants, but industry members left wanting more guidance
January 28, 2022 08:30:01 AMSupreme Court told sponsors to monitor every plan investment but gave no road map for lower courts to decide if complaints should be heard.
Judge rejects bid to toss out TriNet 401(k) ERISA lawsuit
January 14, 2022 02:21:41 PMA federal court judge rejected an effort to dismiss allegations by former employees in an ERISA lawsuit against two TriNet 401(k) plans.
Bronson Healthcare settles ERISA suit
January 12, 2022 03:19:17 PMBronson Healthcare Group Inc. agreed to pay $3 million to settle claims by two former participants that plan fiduciaries violated ERISA.
T. Rowe Price settles ERISA case for $7 million
January 11, 2022 04:03:45 PMT. Rowe Price Group agreed to pay $7 million to settle a complaint by a participant in the company's 401(k) plan alleging ERISA violations.
Rollins faces 401(k) lawsuit over claims of ERISA violations
January 07, 2022 04:08:14 PMFormer employees of Rollins Inc. sued the company and fiduciaries of its 401(k) plan, alleging multiple ERISA violations.
U.S. high court ponders ERISA proof question
December 13, 2021 12:00:00 AMSupreme Court justices weigh ERISA's requirements for whether lower courts should dismiss a complaint or permit it to go to trial.
UnitedHealth loses motion to dismiss in ERISA lawsuit
December 06, 2021 03:21:41 PMUnitedHealth Group was denied a motion to dismiss a lawsuit by a 401(k) participant alleging breach of ERISA in its target-date funds.