Asset Management Culture
More than a half-year after Ben Meng resigned, a lawsuit and pending pension system policy decisions are bringing his departure back into the limelight.
Plaintiffs allege missteps by 401(k) plan fiduciaries cost participants millions of dollars in retirement savings.
In ‘most unusual case,’ judges back PBGC and find that someone must be held responsible for a pension even if the sponsor is long gone.
Lawsuit claims default retirement plan investments have underperformed up to 90% of peers for nearly a decade.
Judge says it ‘strains credulity’ that CEO Tim Cook was unaware of potential impact of trade tensions on iPhone sales in China.
Lawsuit alleges ‘false and misleading’ statements by the company, its CEO, and its CFO ‘wiped out’ over $300 million in market value.
Lawsuit alleges the fast-food company misled investors about the underperformance of its Tim Hortons chain.
A GOP Senate bid to shield companies has helped hold up the next federal stimulus round.
Lawsuit claims retail giant failed to prevent opioid prescriptions from flowing into ‘illicit channels.’
Colgate may have to pay a total of $300 million to 1,200 retirement plan participants.
Pension says circuit court ruling ‘provides a blueprint’ for private equity funds to ‘escape withdrawal liability.’
University agrees to pay $5.8 million and not raise plan fees for three years.