Former Wesleyan University CIO Sued by CT Attorney General

Connecticut's attorney general alleges that Thomas Kannam's “golf outing of the century” in California, a Super Bowl outing, and a trip to the United Kingdom with his entire family to interview for a job at Cambridge University were flagrant abuses of both his power and of the university's endowment assets.

New Jersey Settles SEC Pension Fraud Charges

In the first suit by the Securities and Exchange Commission (SEC) against a state for securities fraud, the regulator claimed that when New Jersey issued $26 billion in bonds between 2001 and 2007, it fraudulently and erroneously portrayed its pension funds as adequately funded.

Massachusetts Pension Sues HP, Former CEO Mark Hurd

The $300 million pension has sued Hewlett-Packard and its former Chief Executive Mark Hurd, who was ousted from the company after a sexual-harassment-claim settlement, seeking a variety of governance changes and punitive damages for breach of fiduciary duty, mismanagement and waste of corporate assets, including the severance payment to Hurd.

Obama Signs Reform, DB Plans Expected to Get Relief

President Obama's signature on the Dodd-Frank financial regulation bill gives the Commodity Futures Trading Commission (CFTC) and Securities & Exchange Commission (SEC) oversight of the roughly $600 trillion OTC derivatives market while forcing most swaps to be cleared on a regulated exchange.