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South Carolina panel tussles with state treasurer
Dispute over private equity capital call is catalyst for 5-day hearing before state's Supreme Court.
News Corp. settles suit with pension funds
News Corp. has settled a shareholder lawsuit for $139 million relating to breach of fiduciary claims and corporate governance failures related to the company's phone-hacking scandal and the acquisition of Shine Group, a media company previously owned by Elisabeth Murdoch.
South Carolina high court drops suit retirement commission brought in spat with treasurer
The South Carolina Supreme Court late Wednesday dismissed a petition filed by the South Carolina Retirement System Investment Commission against state Treasurer Curtis M. Loftis Jr.
South Carolina treasurer, retirement commission air dispute before state high court
The South Carolina Supreme Court heard arguments on Tuesday from the South Carolina Retirement System Investment Commission seeking a court order directing state Treasurer Curtis M. Loftis Jr. to comply with the mandatory requirements of his job under South Carolina law.
St. Louis Police Retirement System files lawsuit against J.P. Morgan Chase
St. Louis Police Retirement System filed a lawsuit against Chairman and CEO Jamie Dimon and other executives at J.P. Morgan Chase & Co. for breaches of their fiduciary duties related to the bank's chief investment office.
Federal judge drops pension funds' private equity suit against Oppenheimer
A federal lawsuit by two Massachusetts public pension funds that claimed Oppenheimer & Co. had inflated the value of a private equity fund’s holdings was dismissed Thursday.
ABP ends MBS suit with Deutsche Bank unit
Stichting Pensioenfonds ABP and Deutsche Bank's Ace Securities Co. ended a lawsuit over sales of residential mortgage-backed securities.
Louisiana court rules cash balance plan is unconstitutional
A Louisiana district court judge on Thursday struck down as unconstitutional a recent law establishing a cash balance plan for some employees in three of the state’s pension funds.
Florida Supreme Court upholds new law on pension contributions, COLA cuts
The Florida Supreme Court on Thursday upheld legislation requiring state employees to contribute 3% of pay to the $127 billion Florida Retirement System defined benefit plan and eliminating a retirement cost-of-living adjustment.
N.Y. State Common sues Qualcomm for political spending information
New York State Common Retirement Fund, Albany, sued Qualcomm Inc., San Diego, to review records on political spending.
Rhode Island bid to drop judge from reform case rejected by state high court
The Rhode Island Supreme Court refused to hear a request by the state to block a trial judge from presiding over lawsuits from unions and retirees over the creation of a state hybrid pension plan.
Former BlackRock fund manager settles lawsuit over contract
Ex-BlackRock fund manager Michael Lipsky settled a lawsuit in which he accused his former employer of wrongfully withholding information on investment results of funds he managed.
ABP sues Morgan Stanley over firm's residential mortgage-backed securities
Stichting Pensioenfonds ABP filed a fraud suit against Morgan Stanley, claiming the firm made “false and misleading” statements about its residential mortgage-backed securities.
Virginia suit against BNY Mellon dismissed; VRS renews with custodian
A Virginia judge dismissed on Friday a lawsuit filed by Virginia Attorney General Kenneth Cuccinelli against Bank of New York Mellon over claims that it charged the $54 billion Virginia Retirement System excessive foreign-exchange fees.
CalPERS sues Compton for pension, health contributions - Pensions & Investments
CalPERS has filed suit against the city of Compton, Calif., charging it failed to make required pension payments of almost $2.7 million for retirement and health benefits.