The pension board is accused of opening the doors for pension spiking.
Puerto Rico ERS’ collapse could have been avoided, an industry expert says.
Keith Wakefield allegedly lost $30 million from unauthorized risky bond trades, which forced IFS Securities to go out of business.
Daniel Kamensky pressured a rival investor to drop its bid for assets he wanted on the cheap.
Washington stimulus has delayed the bankruptcy parade. But it’s coming fast.
Renewable sources like wind and solar may not be enough. Pension plan investors weigh the odds.
As some lawmakers suggest states consider declaring bankruptcy, governments will be tempted to cut back on pension contributions. Amundi Pioneer senior adviser Charles E.F. Millard urges them not to do so.
Company negotiating with PBGC to take over benefit payments amid a new company-wide restructuring plan.
Billionaire hedge fund operator offsets equity stake in woebegone PG&E with purchase of liability claims against it.