Regulation

Bank of America Faces Another SEC Suit

A U.S. market regulator hits BofA with a lawsuit for failing to disclose extraordinary losses at Merrill before the acquisition deal in 2008.

Wesleyan Sues Ex-Endowment Chief, Claiming Fraud

For more than eight years, one of the highest paid employees at Wesleyan used university access and funds to make money at other companies and finance family vacations and international recreational trips, the suit alleges.

Alaskan Mercer Suit Headed to Trial

(December 23, 2009) – Pension fund consultancy Mercer is headed to trial in Alaska over charges that it underestimated liabilities and then failed to admit theerror to the state’s pension and health plans for public employees.   Mercer’s motion to

Investigations Deepen at CalPERS

 

The SEC has asked the nation’s largest public pension fund whether two former officials had any contact with an alternative investment manager convicted of paying officials for access to funds.