Newsmakers
Brown University Settles ERISA Class Action Suit for $3.5 Million
Complaint alleged excessive fees cost 403(b) participants millions.
Tag: lawsuit
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.
Regulation
NY Pension Sues Danske Bank over Money Laundering Scandal
Class action lawsuit claims bank artificially inflated ADR price.
Newsmakers
New York Pensions Settle Environmental Activism Lawsuit Against Aerospace Company
Multi-billion-dollar company argues greenhouse gas proposals go against its ‘ordinary business.’
Regulation
Duke Pays More than $10 Million to Settle Retirement Plan Lawsuits
The university allegedly violated ERISA with poor investments and unreasonable expenses.
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.
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.