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.
Tag: securities lawsuit
Pensions
NYC Teamsters Pension Sues Disney Over Streaming Service Losses
Lawsuit alleges hiding cost overruns at Disney+ was a ‘motivating factor’ behind the media giant’s 2020 reorganization.
Risk
Kraft Heinz Agrees to Settle Class Action Securities Lawsuit for $450 Million
Swedish pension fund AP7 was among the plaintiffs who alleged Kraft Heinz misled investors regarding a $15.4 billion goodwill charge.
Risk
Florida Pension Sues Fidelity National Over Worldpay Deal
The fintech firm is accused of failing to disclose material information that led to a $17.6 billon write-down.
Risk
Pension Funds Sue Silicon Valley Bank’s Officers, Auditor KPMG Following Failure
Complaint alleges the company's executives and its auditor ‘understated and concealed’ the risks posed by rising interest rates.
Newsmakers
Michigan Retirement System Sues Generac Over Solar Power Defect
Class action alleges company executives failed to disclose faulty solar component.
Newsmakers
Ohio Takes Lead in $25.5 Million Suit Against Warner Bros. Discovery
Class-action lawsuit alleges company intentionally failed to disclose financial problems at WarnerMedia prior to merger.
Risk
Florida Pension Funds Sue Barclays Over $17.6 Billion Debt Over-Issuance
The Miami pensions call the bank’s failure to prevent massive error ‘deliberately reckless.’
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.
Pensions
Court Rejects Pension Fund Group’s Request to Lead Green Dot Lawsuit
The ruling upholds legislation intended to prevent lawyer-driven litigation.
Risk
Oklahoma Firefighters Pension Sues Peabody Energy over Mine Fire
The lawsuit alleges the coal mining company, its CEO and its CFO failed to disclose safety issues.
Regulation
Florida Pension Sues Intel Over 7-Nanometer Chip Delay
Lawsuit alleges the chipmaker intentionally misled investors about development progress of new product.
Princeton Settles Lawsuit over ‘Excessive’ Retirement Plan Fees
University agrees to pay $5.8 million and not raise plan fees for three years.
Regulation
Mississippi Pension Sues Mylan over Alleged Scheme to Deceive FDA
President Rajiv Malik is accused of ordering workers to manipulate quality control data.