Regulation
Hospital Retirees Sue Newark Archdiocese for $2.7 Million in Lost Benefits
Suit claims Archdiocese hid IRS ruling that revoked ERISA protection.
Tag: lawsuit
Court Reinstates Two Claims Against UPenn in Pension Suit
Penn is accused of breaching its fiduciary duty by accepting high fees, poor investments.
California Settles with Morgan Stanley over Financial Crisis Losses
Recession-era mortgage-backed securities deals creates $150 million settlement for CalPERS, CalSTRS.
Australia’s IOOF Hit with Class-Action Lawsuit
Wealth management firm accused of ‘misleading or deceptive conduct.’
Regulation
Houston Pension Sues Conagra over Pinnacle Acquisition
Complaint says investors were misled over benefits of $10.9 billion merger.
CBS, Moonves Deny Violations in Pension Lawsuit
Former CEO maintains that allegations of misconduct are not true.
Newsmakers
Fund Managers Countersue Kentucky for ‘Wasteful’ Lawsuit
Blackstone and Prisma lawyer up to get their money back from ‘meritless’ case.
FCA Fines Goldman Sachs £34.3 Million for Reporting Failures
Firm allegedly made more than 220 million errors over nearly a decade.
Hedge Fund Manager Gets a 14-Year Prison Sentence for Fraud
Raymond K. Montoya’s Ponzi scheme victims included family, friends, and acquaintances.
Newsmakers
Brown University Settles ERISA Class Action Suit for $3.5 Million
Complaint alleged excessive fees cost 403(b) participants millions.
Pension Sues Banks over Euro Bond Scandal
Lawsuit accuses Bank of America, Royal Bank of Scotland of rigging European government bond prices.
Regulation
Dallas Police and Fire Wins Court Ruling on Post-Retirement Income
Texas Supreme Court sides with fund’s reduction of required 8% return from special program.
Regulation
Molson Coors Hit with Class Action Lawsuit
Complaint accuses CEO and CFO of making false and misleading statements.
Lawsuit Accuses CBS Execs of Insider Trading
More than $200 million of shares were sold before sexual harassment allegations were made public.
Court Dismisses Exxon Lawsuit over Climate Impact
Complaint alleged oil company’s fiduciaries violated ERISA.