Newsmakers
Kuwait Pension Fund Suing Man Group
The Public Institution for Social Security says the British firm made secret deals with one of its heads between 1996 and 2013.
Tag: lawsuit
SEC Charges Audit Firm in Failure to Detect Unpaid Taxes
Crowe LLC let $100 million in unpaid taxes slip under its radar, SEC alleges.
Regulation
MetLife Pension Payout Snafu Leads to $1 Million Fine
Insurer failed to pay 13,500 pensioners incorrectly labeled as ‘presumed dead.’
Newsmakers
Google Sued over Data Breach by Rhode Island
Lawsuit alleges executives at Alphabet Inc. hid vulnerability that allowed 52 million users' privacy to be compromised.
UK Trustees Could Face Climate Risk Lawsuits
ClientEarth says pensions’ legal responsibilities on climate risk are evolving.
NYC Pays $20.6 Million Settlement over Nurses’ Pension Dispute
City wrongly denied ‘physically taxing’ status that would have allowed early retirement.
British Airways Wins Lawsuit over Pension Trustees
Court of Appeals overturns High Court ruling in favor of trustees making discretionary increases.
Regulation
Appeals Court Rules Against Just Born in Pension Dispute
Ruling says candy maker can’t block new workers from pension without penalty.
Newsmakers
Federal Judges Dismiss Rhode Island Pension Lawsuit
Previous state pension plan changes noted in ruling.
Regulation
Judge Rules Baltimore Violated Pension Contract
Court says 2010 pension overhaul ‘breached its contract’ with city police and firefighters.
Ascension Health to Guarantee $29.5 Million in Pensions Following “Church Plan” Lawsuit
Payments will come from Ascension if the Wheaton Franciscan plan can’t cover them.
Newsmakers
Three US Pensions Sue Six World Banks
IPERS, OCERS, and SCERS file a class-action lawsuit against Wall Street titans over a stock-lending scandal.
Newsmakers
Court Rejects $187 Million Pension Lawsuit Against Align Technology
Plaintiffs alleged the company misled investors regarding its 2011 Cadent acquisition.
Scranton Pension Board Sued for Double Payments
Lawsuit cites 2015 Audit Report that said the payments disregarded the laws governing pension plans.
Newsmakers
Missouri Pension Fund Awarded $123 Million in State Street Suit
Fund accused financial services firm of violating asset management duties.