Court Rules Pension Plan Change Did Not Violate Law
Ruling: Northern Trust’s change in payout formula not an illegal reduction in accrued benefits.
Tag: Litigation
Regulation
Court Orders Inquiry into Sears Canada Dividend Payment
A litigation investigator has been appointed to review C$3 billion in shareholder payouts.
Pension Fund Sues Ocwen over Alleged Breached ERISA Duty
Lawsuit claims firm hurt pension’s investments by pushing homeowners into foreclosure.
Newsmakers
Colorado Pension Sues Nine Banks over Lending Rates
Pension alleges the banks rigged their lending rates to boost profits.
FCA Accuses Four Asset Managers of Breaking Law
Statement of objections initiates regulator’s first enforcement case.
Newsmakers
Florida’s State Pension Votes to Sue Valeant over Losses
State board of administration alleges it lost $62 million due to fraud.
TPR Anti-Avoidance Hearing Heads to Upper Tribunal for First Time
Regulator wants to force ITV to fund plan with £90 million deficit.
