Newsmakers
Florida Pensions Agree to Settle Perrigo Lawsuit for $31.9 Million
The complaint centered on a $1.9 billion Irish tax bill incurred by the pharmaceutical company.
Tag: Settlement
Asset Allocation
New York State Common Retirement Still Holds Boeing Stock, Despite Lawsuit
The fund, which just received a settlement as a result of the litigation, currently has $216 million invested in the aerospace company.
Risk
SEC Charges Purported ‘Green’ Mining Company With Fraud
Back to Green Mining and two of its executives are accused of stealing $2.7 million from investors.
Asset Allocation
Twitter to Pay $809.5 Million to Settle Securities Fraud Lawsuit
The social media company was accused of concealing from investors its stagnant user growth and declining user engagement.
Regulation
SEC Charges Could Open Pearson to Securities Lawsuits
With the cease-and-desist order, attorneys might take aim at the publisher over alleged misleading statements.
Asset Allocation
Transamerica Settles 401(k) Lawsuit for $5.4 Million
The complaint alleged the insurance giant saddled its plan portfolio with proprietary duds.
Pensions
Sterling Bancorp to Pay $12.5 Million to Settle Securities Lawsuit
An Oklahoma pension fund alleged the bank violated federal laws related to residential lending practices.
Risk
BlackRock Agrees to Settle ERISA Lawsuit
Asset management giant ends class action litigation by paying plan participants $9.65 million.
Regulation
UK Hedge Fund Manager to Pay $170 Million to Settle SEC Charges
BlueCrest Capital Management allegedly misled investors about replacing traders with an underperforming algorithm.
Princeton Settles Lawsuit over ‘Excessive’ Retirement Plan Fees
University agrees to pay $5.8 million and not raise plan fees for three years.
Pensions
Pittsburgh Pension Settles Lawsuit with Molina Healthcare
Steamfitters Local 449 Pension Plan agreed to drop the case for $7.5 million.
Regulation
Musicians Pension Settles Lawsuit Over ‘Risky’ Investments
Trustees accused of acting like ‘drunken gamblers’ pay nearly $27 million, deny wrongdoing.
Corporate Moves
Wells Fargo to Pay $3 Billion Settlement for ‘Gaming’ Investors
Payment includes $500 million civil penalty distributed to investors by SEC.
Regulation
Rhode Island Pension Alleges Zuckerberg Overpaid 2019 Settlement to Avoid Personal Consequences
State Treasury says Facebook overpaid Cambridge Analytica settlement by $2 billion to win extra concessions from the feds.
Regulation
Northrop Grumman Pays $12.4 Million to Settle 401(k) Lawsuit
Lawsuit said firm’s alleged fiduciary failures caused plan to lose over $13 million