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.
Tag: Lawsuit
Pensions
Final Settlement Hearing Set for December in Class Action vs. Uber
The Boston Retirement System is a class representative of investors seeking a $200 million settlement from the ride-share giant for false statements connected with its 2019 IPO.
Pensions
Michigan Pension Fund Files Complaint Against ZoomInfo
The City of Pontiac Police and Fire Retirement System alleges the software and data company made misleading statements.
Pensions
PSERS, Aon Settle Lawsuit for $7M
The accounting firm admitted to errors in a 2020 risk analysis, significantly disrupting the Pennsylvania education workers’ plan.
Pensions
GE Retirees Strike Deal to Increase Time Limit to Sue Over Unpaid Pension Benefits
Participants had filed an administrative complaint alleging the company renounced its obligation to pay their benefits.
Pensions
Pension Fund Sues KKR, Alleging $500M Payout Had ‘No Value’ to Unitholders
The lawsuit claims the firm’s founders and executives breached their fiduciary duties and ‘wanted to enrich themselves.’
Pensions
Atlanta Pension Settles Price-Fixing Lawsuit Against Taro Pharmaceuticals
Sun Pharma-owned pharmaceutical company agrees to pay $36 million due to allegations it fixed prices and misled investors.
Pensions
Pennsylvania PSERS Drops Aon as Consultant
Aon admitted fault for the 2020 mistakes that led to the resignations of pension fund leaders, and the fund has moved on to a new consultant, Verus Investments.
Risk
Ohio Pension Sues Amazon for Snubbing SpaceX in Favor of Blue Origin
Lawsuit alleges that ‘personal rivalry influenced Amazon’s procurement process.’
Risk
Michigan Pension Loses Lawsuit Against Unilever Over Ben & Jerry’s Israel Boycott
A federal judge dismissed a case that alleged Unilever misled investors by concealing a board resolution.
Pensions
Pennsylvania PSERS Sues Aon Over Accounting Error
The pension fund accuses Aon of breach of contract, breach of fiduciary duty and negligence.
Newsmakers
Former Ohio Teachers Board Member Sues Pension, Governor
Wade Steen claims he was illegally removed from the board of Ohio’s State Teachers Retirement System.
Newsmakers
Ryanair Settles Lawsuit With Alabama Pension Fund
The airline agreed to pay $5 million to the Birmingham fire and police pension fund but denied any wrongdoing.
Market Moves
Wells Fargo Agrees to Pay $1 Billion to Settle Pension-Led Lawsuit
Mississippi’s public employees' fund, a Louisiana sheriffs’ fund and the state of Rhode Island were among the lead plaintiffs.
Newsmakers
NYC Pension Funds Sued for Divesting $4 Billion in Fossil-Fuel Assets
The complaint alleges breach of fiduciary duty in ‘misguided and ineffectual gesture to address climate change.’