Law
Law
US - Officials at the New York State Common Retirement Fund have announced plans to lead a class action against BP over losses related to the massive oil spill in the Gulf of Mexico.
24 June 2010
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Law
US - Mercer has agreed to pay US$500m to settle a law suit brought by the Alaska Retirement Management Board alleging the actuarial firm erred when calculating the state's pension liability.
14 June 2010
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US
US - The California State Teachers' Retirement System has teamed up with two other investors to sue officers and directors at Massey Energy for alleged safety misconduct, the pension fund said.
10 June 2010
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US
US - The California attorney general has accused former CalPERS board member Alfred Villalobos, now a third party marketer, with bribing former chief executive Fred Buenrostro in order to gain business for private equity firms including Apollo Global...
07 May 2010
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US
US - A New Mexico judge has tossed out a former public pension manager's lawsuit to recoup at least US$90m in state funds lost through investments in mortgage- backed securities sold by a firm whose executives donated to Governor Bill Richardson's presidential...
30 April 2010
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Italy
ITALY - A reform of the Italian pension system including auto-enrolment into a mandatory defined contribution fund should be considered in the near future to push Italians to save more for retirement, industry figures said.
26 April 2010
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North America
US - The US Supreme Court sided with businesses in a dispute over the meaning of ambiguous pension plans, ruling that a federal trial judge should have deferred to Xerox Corp.'s interpretation of its plan.
22 April 2010
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Defined Benefit
The department for work and pensions' proposals to enable Pension Protection Fund compensation to be shared in the event of divorce will place administrative strain on the PPF, a consultant says.
16 April 2010
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United Kingdom
US/UK - The Pension Protection Fund and Visteon UK scheme trustees have filed a US$550m claim against US Visteon Corporation to recover money for the fund.
14 April 2010
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Europe
US/EUROPE - US Treasury secretary Timothy Geithner has written to four European finance ministers urging them not to discriminate against foreign players in the alternative investment space as they continue negotiations on the Alternative Investment Fund...
07 April 2010
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