Courts/legal

BT Pension Scheme nixes plan to switch indexes for benefit calculations

PENSION FUNDS

PENSION FUNDS

U.K. court rules BT can't change the index for calculating certain participants' pension increases.
Deutsche Bank settles class action over RMBS trusts

Courts

Courts

Deutsche Bank agreed to settle a class action over its handling of residential mortgage-backed securities trusts.
Settlements and motions to dismiss filed in St. Joseph's pension fund challenges

COURTS

COURTS

Defendants in several lawsuits against Prospect CharterCare have asked a court to dismiss the case, saying it should never have been filed.
MetLife sued over underpaying pension plan participants

COURTS

COURTS

A lawsuit claims MetLife underpaid pension plan participants by using outdated mortality rates to calculate certain retirement benefits.
BB&T, plan participants settle fiduciary breach case

Defined Contribution

Defined Contribution

BB&T has agreed to pay $24 million to settle claims that officials for its 401(k) plan charged "unreasonable" investment management fees.
Fifth Street settles with SEC over expense misallocation, valuation review

Alternatives

Alternatives

Fifth Street Asset Management will pay nearly $4 million to settle claims it misallocated some expenses to its former BDC clients.
Supreme Court considers whether distributing false statements falls under securities law

COURTS

COURTS

The Supreme Court heard arguments on whether a person who did not originate false statements can still be liable for disseminating them.
Fiduciary breach suit against Caterpillar record keeper comes to an end

Courts

Courts

Plaintiffs and defendants agreed to end litigation in a lawsuit by Caterpillar's 401(k) participants alleging a breach of fiduciary duties.
Section of Illinois pension reform ruled unconstitutional

PENSION FUNDS

PENSION FUNDS

The Illinois Supreme Court ruled as unconstitutional a portion of a pension reform act enacted in 2012.
 KKR, Blackstone lose bid to dismiss Kentucky pension lawsuit

Courts

Courts

KKR, Blackstone and the firms' founders must face a lawsuit alleging they failed to deliver returns as advertised, a judge in Kentucky ruled.
Judges gives preliminary OK to VW, pension fund suit accord

Courts

Courts

Volkswagen will pay $48 million to settle an investors' lawsuit filed in California for losses due to the automakers' emissions scandal.
1MDB's Low allegedly funneled money to influence U.S. probe

SOVEREIGN WEALTH FUNDS

SOVEREIGN WEALTH FUNDS

U.S. claims Jho Low allegedly funneled money into the U.S. in an attempt to influence a Justice Department investigation.
USC calls on Supreme Court to undo ERISA arbitration ruling

Courts

Courts

USC asked the Supreme Court to prevent retirement plan participants from filing class-action lawsuits in breach-of-fiduciary-duty claims.
Court approves Mercy Health church-plan challenge settlement

Courts

Courts

A U.S. District Court magistrate judge approved a settlement in a suit challenging the church plan status of Mercy Health's pension plans.
Former Intel employee gets 2nd chance to prove fiduciary breach claim

Courts

Courts

A former Intel employee who claims his retirement funds were imprudently invested has gotten a second chance to advance his case.