The largest public pension fund in the US has settled a lawsuit with Fitch Ratings over claims that it, as well as Moody's Investors Service and Standard & Poor's, assigned inaccurate ratings that resulted in massive losses.
Two Ohio public pensions are asking a judge to disallow federal agency rules that would potentially subordinate their claims in a lawsuit against Fannie Mae.
Trust Company of the West (TCW) CEO Marc Stern told a California Superior Court jury that he had no choice but to fire his chief investment officer, Jeffrey Gundlach, in December 2009.
Senator Chuck Grassley (R., Iowa) has asked the Securities and Exchange Commission to account for serious allegations that case-related document destruction may have compromised enforcement in cases involving activity at large banks and hedge funds during the financial crisis.
The trustee charged with recovering funds for victims of Bernard Madoff's Ponzi scheme has sued the Abu Dhabi Investment Authority (ADIA), alleging it received $300 million from a major Madoff feeder fund.
BNY Mellon has been accused by Florida of allegedly failing to give the state the best prices when making foreign currency trades for their state pension funds.
Federal regulators are accusing brokerage firm Stifel Nicolaus & Co. of civil fraud in its sales of risky complex investments to five Wisconsin school districts, which lost all of the $200 million they invested.
Connecticut's second-highest court ruled 3-0 that the town of Fairfiled was indirectly affected by actions of two partners in an investment firm accused of conspiring with the disgraced Bernie Madoff.
US Representative Spencer Bachus has said he is planning legislation to restructure the U.S. Securities and Exchange Commission in order to implement changes recommended by the agency’s inspector general, the Government Accountability Office and a consultant’s report mandated by the Dodd-Frank Act.
As China's debt booms while the country aims to contain default risk, Chinese firms must now obtain approval from bond investors before they restructure their assets.
The three Louisiana pension funds that expressed concern over Fletcher Asset Management’s liquidity and financial reporting practices have sent a team to the hedge fund to investigate the matter; their findings suggest that the initial concerns may have been unsubstantiated.
In another legal blow to Bank of America, a group of 15 institutional investors has sued the bank for allegedly misleading investors about the integrity of its subsidiary Countrywide Financial’s financial condition and lending practices.
While Mexico's Afore retirement funds are still slanted toward fixed-income and government bonds, new rule changes could release $6 billion into equities.
By using this site you agree to our network wide Privacy Policy.