Risk
Supreme Court Reigns in SEC’s Disgorgement Powers
Questions arise: Should disgorgement fees exempt the marketing costs of fraudsters?
Tag: Supreme Court
Market Moves
Don’t Get All Excited by the Green Light for PE in 401(k)s
Private equity isn’t always a market beater and charges high fees. Besides, it’ll be confined to larger investment pools, like target-date funds, which limits its impact.
Newsmakers
Supreme Court Rules Pensioners in Fully Funded Plans Can’t Serve ERISA Suits
Plaintiffs charging mismanagement of funds would have received the same fixed payment regardless of investment outcomes, the ruling said.
Pensions
California Pension Spiking Case Nears End in Court Showdown
Public sector workers want to strike down a provision that stops them from winning higher benefits in retirement.
Risk
TPR Gives Broadcaster Six Months to Fund Collapsed Pension
Eight-year battle with pension regulator ended after Supreme Court rejected final challenge.
Asset Management Culture
US Supreme Court Declines to Review Cranston Pension Case
Rhode Island city had been sued for suspending police, firefighter COLAs.
Court Says Pension Withdrawal Liability Can’t Be Decelerated
Ruling likely to make trustees shy away from payment plans for defaulted employers.
Game Changer? Challenge to Pension Plan Could Bring More Lawsuits
If the Supreme Court backs beneficiaries over US Bank’s overfunded program, look for more actions against company retirement funds.
UK Supreme Court Pension Ruling to Apply to All Public Sector Plans
Government estimates rectifying age discrimination will add approximately £4 billion per year to plan liabilities from 2015.
Supreme Court Declines to Hear Two Pension Fund Cases
Lower court rulings involving an automotive, mineworkers’ pensions maintained.
Newsmakers
Supreme Court to Eye Money-Losing Pension Investments
Question is: Can plan beneficiaries sue over risky asset allocations, despite the plan’s return to full funding?
Supreme Court Agrees to Hear Case on ERISA Statute of Limitations
Lawsuit against Intel claims company plans included overly risky investments.
Regulation
Supreme Court to Investigate IBM Stock Drop’s Influence on Corporate 401(k) Plan
Investigation could have wide-ranging effects on corporate pension plans.
Supreme Court Widens Scope for Fraud Claims
Supports SEC in allowing agency to hold individuals liable even if they did not make a statement deemed fraudulent.
Newsmakers
California Supreme Court Rules in Favor of Pension Benefit Cuts
Despite the ruling, the court sidestepped a much larger issue, whether core pension benefits promised at the time of hire for public workers can be changed.