LSV Responds to Lawsuit by Former Execs With Cease-and-Desist Letter
Plaintiffs fire back with accusations of threats and intimidation tactics.
Tag: breach of fiduciary duty
Newsmakers
LSV Asset Management Sued by Former Execs Over $100M in Lost Equity
An Illinois lawsuit alleges the plaintiffs resigned or retired, believing they would retain ownership in the firm.
Pensions
NYC, Oregon Pension Funds Named Lead Plaintiffs in Fox Lawsuit
The plaintiffs’ claim that Fox News’ business model included knowingly engaging in defamation ‘appears promising,’ a Delaware Chancery Court says.
Manager Selection
Summary Judgement Favors Goldman Sachs in ERISA Lawsuit
A federal judge rules that Goldman Sachs did not violate ERISA by offering proprietary mutual funds as options for its retirement plans.
Regulation
Supreme Court to Hear ERISA Excessive Fee Case
The lawsuit seeks to define what ‘care, skill, prudence, and diligence’ really mean for fiduciaries.
Asset Allocation
Transamerica Settles 401(k) Lawsuit for $5.4 Million
The complaint alleged the insurance giant saddled its plan portfolio with proprietary duds.