Regulation
Supreme Court Rules Investors Cannot Sue for Omissions in Disclosures
The ruling still permits the SEC to take enforcement actions.
Tag: US Supreme Court
Regulation
Supreme Court Hears Case That Could Invalidate Administrative Courts
The ruling, expected in June 2024, could have a wide-ranging impact.
Newsmakers
ECB: Most European Banks Don’t Measure Climate Risk
Most lenders fail to consider possible environmental threats when making loans, a central bank study says.
Regulation
Supreme Court Declines to Hear Delphi Pension Termination Case
The lack of action by the high court ends more than 12 years of litigation after the General Motors unit’s pension plan was terminated.
Asset Allocation
‘Smart Money’ Flows Into Options Markets, Not Equities
Research finds options markets anticipate Supreme Court decisions better than stock markets do.
Pensions
Uber to Begin Rolling Out Pensions to 70,000 UK Drivers
The ride-sharing firm’s plan will be provided by NOW: Pensions and managed by Adecco.
Regulation
Supreme Court to Hear ERISA Excessive Fee Case
The lawsuit seeks to define what ‘care, skill, prudence, and diligence’ really mean for fiduciaries.
Newsmakers
Supreme Court Denies Bondholders’ Claim on Puerto Rico’s Pension Plan
Investors argued that they should get some of the government contributions to the insolvent retirement program.
Pensions
Teamsters Pension Asks Supreme Court to Reverse PE Firm Withdrawal Ruling
Pension says circuit court ruling ‘provides a blueprint’ for private equity funds to ‘escape withdrawal liability.’
Market Moves
The Market’s Reaction to a Delayed Vote Conclusion? Not Good, Says UBS
The 2000 ballot-count mess teaches that stocks will slump and volatility will rise. But there’s a bright side.
Regulation
Oregon Supreme Court Upholds Pension Benefit Cuts
Unanimous ruling finds that an employer is not prevented from changing the terms of future work.
Risk
Supreme Court Reigns in SEC’s Disgorgement Powers
Questions arise: Should disgorgement fees exempt the marketing costs of fraudsters?
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.