Law
Law
US/EUROPE - US class action law firms have been engaging in fierce competition in order to get business from European pension funds in recent years.
09 February 2010
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US
US/NETHERLANDS - Dutch pension fund Stichting Pensioenfonds Medewerkers Apotheken (PMA) has filed a federal court lawsuit against State Street Bank and Trust alleging breach of fiduciary duties and securities fraud following losses in a 120/20 fund.
02 February 2010
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Law
US/EUROPE - A group of investors led by the Retirement System for the General Employees of the City of Miami Beach have won a class action trial against Vivendi and will be entitled to recover an estimated US$9.3bn.
02 February 2010
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Law
US - The New York City Employees' Retirement System (NYCERS) will sue Apple's Steve Jobs and other key managers for the second time after an appeal court granted the pension fund the right to do so.
02 February 2010
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Law
US - A US appeals court has granted the New York City Employees' Retirement System (NYCERS) the right to sue Apple's Steve Jobs and other key managers again after a court dismissed a suit over losses allegedly related to the company's stock option plan....
29 January 2010
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Law
ITALY - Italian pensions watchdog Commissione di Vigilanza sui Fondi Pensione (Covip) has called for a "modernisation" of the rules regulating the investments pension funds are allowed to make.
27 January 2010
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Law
US - President Barack Obama's sweeping reforms to the banking industry proposed yesterday were generally welcomed by global asset management figures, but some warned they may cause short-term losses for pension funds, large holders of US bank shares....
22 January 2010
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United Kingdom
UK - A complex legal case concerning the funding of the Pilots National Pension Fund has started in the High Court.
18 January 2010
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Law
Trustees conducting self-assessment exercises into the conduct of their duties could leave themselves open to that information being used against them in court, Lovells warns.
15 January 2010
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North America
US - Two US pension funds who sued Goldman Sachs last month over allegedly excessive bonus packages have asked the court to schedule an expedited hearing on their request to block the payments.
13 January 2010
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