The Court of Appeal ruling in the Nortel/Lehman case means ordinary workers could see redundancy and notice pay extinguished by a pension scheme ‘super creditor', a lawyer says.
The Court of Appeal has ruled in favour of The Pensions Regulator in the Nortel/Lehman Brothers legal challenge.
Sebastian Cheek's view on Nortel/Lehman
UK/CANADA/US - The Court of Appeal today heard the final day of argument in the case between the administrators of Nortel and Lehmans and the UK Pensions Regulator.
UK - The Nortel/Lehman appeal case with The Pensions Regulator begins on Monday in the Court of Appeal, but sources predict it is destined for the Supreme Court.
The Nortel/Lehman appeal case with The Pensions Regulator begins on Monday in the Court of Appeal, but sources predict it is destined for the Supreme Court.
Man Group is to acquire the remaining exposure to the estates of bankrupt US investment giant Lehman Brothers from funds managed by its institutional asset management subsidiary, GLG Partners, for $355m (£221m) in cash.
GLOBAL - Man Group is to acquire the remaining exposure to the estates of bankrupt US investment giant Lehman Brothers from funds managed by its institutional asset management subsidiary, GLG Partners, for $355m in cash.
Implementing a responsible investment strategy need not be at the expense of strong returns and can actually help pension funds make better investment choices, Swedish pension funds heard.
US - The California Public Employees' Retirement System sued former Lehman Brothers Holdings Inc. executives and underwriters alleging they hid Lehman's exposure to subprime loans when they sold the pension fund about $700m in bonds.