Law firm Denton Wilde Sapte has merged with US-based Sonnenschein, Nath & Rosenthal to form SNR Denton.
SWEDEN/UK - Swedish pension fund Forsta AP-fonden (AP1) filed a lawsuit yesterday against BNY Mellon with the Commercial Court in London over $35.5m of losses.
IRELAND - The Pensions Board has prosecuted a trustee board for failing to submit an actuarial funding certificate.
US - Marsh & McLennan, Mercer's parent company, has agreed to pay $4.75m to settle a suit brought by the Ohio attorney general alleging the firm conspired to eliminate competition in the commercial casualty insurance industry.
US/EUROPE - Pension funds from Europe and the US have been given the go-ahead to proceed with a securities fraud lawsuit against Bank of America and Merrill Lynch.
US - Toyota Motor Corp. will face a Maryland public pension fund as the lead plaintiff in a consolidated shareholder lawsuit in which it's accused of failing to disclose defects related to sudden acceleration.
UK - British Telecom is to challenge Ofcom's decision not to take into account its scheme deficit when setting its regulated charges.
US - Five pension funds in New York and Ohio will jointly seek lead plaintiff status in a class action suit against BP, certain officers and directors and BP America, New York comptroller Thomas DiNapoli said.
US - The American International Group has agreed to pay US$725m to settle a class action suit brought by three Ohio pension funds alleging bid-rigging, stock price manipulation and accounting fraud.
US - Pfizer directors should be held liable for the drugmaker's repeated violations of federal laws governing drug-marketing practices that resulted in the company having to pay a US$2.3bn settlement, a union pension fund said in a lawsuit.