Tag: lawsuit

Regulation July 15, 2019

Supreme Court Declines to Hear Two Pension Fund Cases

Lower court rulings involving an automotive, mineworkers’ pensions maintained.

Regulation July 2, 2019

Gucci’s Got Expensive Handbags and Expensive Fund Managers, Plaintiffs in Court Settlement Allege

$1.2 million settlement served in allegations Gucci didn’t opt for cheaper investment options when available.

Newsmakers July 1, 2019

Supreme Court to Eye Money-Losing Pension Investments

Question is: Can plan beneficiaries sue over risky asset allocations, despite the plan’s return to full funding?

Regulation June 27, 2019

Former Otéra CEO Sues CDPQ After Being Fired for ‘Ethical Failings’

Alfonso Graceffa accuses pension giant of conducting smear campaign against him.

Regulation June 12, 2019

Kik Sued by SEC for Conducting $100 Million Unregistered ICO

Regulator says firm prevented investors from making informed decisions.

Corporate Moves June 12, 2019

Does Anybody Want to Be Wells Fargo’s Next CEO?

Plagued by scandals, big bank Wells Fargo is having a tough time finding a new chief executive.

Newsmakers May 30, 2019

Wells Fargo Settles Derivatives Lawsuit with Pensions for $320 Million

Settlement resolves accusations that Wells Fargo breached its fiduciary duties.

Regulation May 20, 2019

Hospital Retirees Sue Newark Archdiocese for $2.7 Million in Lost Benefits

Suit claims Archdiocese hid IRS ruling that revoked ERISA protection.

Regulation May 9, 2019

Court Reinstates Two Claims Against UPenn in Pension Suit

Penn is accused of breaching its fiduciary duty by accepting high fees, poor investments.

Regulation April 30, 2019

California Settles with Morgan Stanley over Financial Crisis Losses

Recession-era mortgage-backed securities deals creates $150 million settlement for CalPERS, CalSTRS.

Regulation April 24, 2019

Australia’s IOOF Hit with Class-Action Lawsuit

Wealth management firm accused of ‘misleading or deceptive conduct.’

Regulation April 23, 2019

Houston Pension Sues Conagra over Pinnacle Acquisition

Complaint says investors were misled over benefits of $10.9 billion merger.

Regulation April 18, 2019

CBS, Moonves Deny Violations in Pension Lawsuit

Former CEO maintains that allegations of misconduct are not true.

Newsmakers April 16, 2019

Fund Managers Countersue Kentucky for ‘Wasteful’ Lawsuit

Blackstone and Prisma lawyer up to get their money back from ‘meritless’ case.

Regulation April 2, 2019

FCA Fines Goldman Sachs £34.3 Million for Reporting Failures

Firm allegedly made more than 220 million errors over nearly a decade.

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Actis Publishes Open Source Impact Measurement Framework In a drive to systematically measure the social and environmental impact of investments, Actis has published a white paper that for the first time uses real examples to show numerical comparisons across diverse sectors and geographies.