Pension Loses Battle with Moody’s over Securities Misrepresentation
A six-year battle has been ended by a judge in Manhattan, finding on the side of Moody’s.
Regulation
Settlement Success for Californian Pension over Lehman Brothers Notes
JP Morgan agrees to pay millions to settle case about mishandling pension money.
PGGM and AP7 Consider Libor Legal Action
Two of Europe’s pensions giants consider taking Libor-manipulating banks to court, but is it worth it?
CalPERS Presses SEC for Better Investor Support
Credit rating agencies, proxy voting reform, and encouraging investor engagement—CalPERS wants the SEC to do more.
Lockheed to Face Class Action on Alleged Mis-Managed Low-Risk 401(k) Fund
Class action status has been granted in a bitterly contested case over an alleged poorly invested stable value fund.
Senators Urge CalPERS, CalSTRS to Boycott Russia
Russian anti-gay laws push senators to demand investment action from US pension funds.
Court Rejects Retired GM Execs’ Claim for Larger Pension
The Court of Appeals has ruled in favour of General Motors on a provision which cuts executives’ pensions by two-thirds.
Plan Sponsors: The Forgotten Backstop
As Detroit seeks bankruptcy protection, one of Russell Investment’s top strategists asks what happened to the role of plan sponsors as pensions' guarantor?
Regulator Has NY Pensions in its Sights
A close eye is being cast over New York's pension funds.
SEC: How to Limit Systematic Risk in Financial Markets
Revamping ratings agencies, volatility “speed bumps,” and robust IT: Regulator head Mary Jo White testifies on mitigating risk, SEC-style.
Are Private Equity Partners Responsible for Unfunded Pensions?
A Massachusetts judge has ruled in a widely watched case, overturning a previous decision.
Libor Filings are Just a Way to Make Small Law Firms Look Busy, Claims Lawyer
A Labaton Sucharow partner has warned pension funds seeking damages in court for Libor losses that the effort it takes often outweighs the possible settlements.
Institutional-Grade Lawsuits: Fewer Dismissals, Larger Settlements
Institutional investor-led securities class action cases tend to fare better than the average suits, according to Stanford Law School research.
Political Bust-Up Over Financial Transaction Tax
Just because the FTT is difficult to implement doesn’t mean it should be rejected, UK government told.
Lehman, Nortel, and a More Certain Future for Bankrupt Company Pensions
The UK’s Supreme Court has ruled that the UK’s Pensions Regulator does not have priority over other creditors when a company becomes insolvent.