Regulation
Colgate-Palmolive Longstanding Pension Calculation Case Settles for $332M
The agreement, which covers 1,177 employees, followed nine years of litigation.
Tag: complaint
LSV Responds to Lawsuit by Former Execs With Cease-and-Desist Letter
Plaintiffs fire back with accusations of threats and intimidation tactics.
Newsmakers
LSV Asset Management Sued by Former Execs Over $100M in Lost Equity
An Illinois lawsuit alleges the plaintiffs resigned or retired, believing they would retain ownership in the firm.
Pensions
Pension Fund Sues KKR, Alleging $500M Payout Had ‘No Value’ to Unitholders
The lawsuit claims the firm’s founders and executives breached their fiduciary duties and ‘wanted to enrich themselves.’
Pensions
Pennsylvania PSERS Drops Aon as Consultant
Aon admitted fault for the 2020 mistakes that led to the resignations of pension fund leaders, and the fund has moved on to a new consultant, Verus Investments.
Pensions
Pennsylvania PSERS Sues Aon Over Accounting Error
The pension fund accuses Aon of breach of contract, breach of fiduciary duty and negligence.
Newsmakers
Former Ohio Teachers Board Member Sues Pension, Governor
Wade Steen claims he was illegally removed from the board of Ohio’s State Teachers Retirement System.
Risk
TIAA/Nuveen Accused of Greenwashing, Violating UN Climate Pledges
Complaint alleges Principles for Responsible Investment signatory owns at least $78 billion in fossil-fuel investments.