The firm's suit alleges that three of its former executives violated agreements they signed regarding confidential information they gained about State Street’s securities lending business in the course of their employment.
Executives from American International Group Inc. and
Goldman Sachs are testifying today in a two-day FCIC
hearing, focusing on the role of derivatives during the
financial crisis.
Legal experts say the Supreme Court ruling
would likely hit claims from BP’s foreign shareholders in US courts
while also negatively impacting the position of US investors.
The death of Senator Robert Byrd and the wavering Senator Scott Brown may delay the approval of Wall Street overhaul rules, which has been a top priority for President Obama.
President Barack Obama signs legislation that offers funding relief for DB pensions; broader financial reform bill exits House-Senate committee, awaits final vote.
BP’s oil fiasco has pushed lobbyists in the UK to urge pensions to disclose what environmental, social and governance (ESG) issues are taken into account in their investment policy.
The California State Teachers’ Retirement System has joined forces
with Amalgamated Bank and Manville Trust to file a lawsuit against
Massey Energy for alleged safety misconduct.
The Government Accounting Standards
Board will be releasing a preliminary views document later this month
that may shock public pension systems and the taxpayers who fund them.
Mounting problems for Goldman: CalPERS claims that when Goldman
applied with the fund to become a real estate investment consultant, it
misled the fund about it's legal status, specifically stating that it
was not "the target of a formal investigation."
