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California Supreme Court denies hearing on COLA reform for San Francisco pension fund
trueThe California Supreme Court on Wednesday denied petitions for review on a decision handed down by a state court of appeals regarding supplemental cost-of-living adjustment changes for participants in the $20 billion San Francisco City & County Employees’ Retirement System.
Delaware bar association law council recommends fee-shifting limits
trueA 2014 Delaware Supreme Court decision allowing corporations to shift legal fees to investors bringing lawsuits could be largely undone, following recommendations made from Delaware state bar experts.
N.J. governor's budgeted pension contribution less than half of amount promised
trueNew Jersey Gov. Chris Christie proposed a fiscal year 2016 budget Tuesday that cuts a promised pension payment by more than half a day after a judge ruled he must contribute an additional $1.6 billion to the pension fund for the 2015 fiscal year after Mr. Christie initially withheld that payment.
Investors, companies to fight over who pays litigation fees
trueBattle lines are being drawn over last year's Delaware court ruling that lets companies shift legal fees to investors bringing lawsuits.
Second suit filed over legality of Chicago pension reform
trueA second lawsuit challenging the legality of a 2014 Chicago pension reform law was filed in Cook County Circuit Court Monday.
Highland Capital wins $40 million award in Credit Suisse case
trueHighland Capital Management won a $40 million jury award after successfully arguing Credit Suisse AG duped the debt manager into refinancing a shaky real estate development.
Unions file lawsuit challenging constitutionality of Chicago pension reform law
trueFour labor unions, along with active and retired city workers, filed a lawsuit Tuesday that argues a Chicago pension reform law violates Illinois' constitutional clause that pension benefits should not be “diminished or impaired.”
Illinois Supreme Court to hear opening arguments on state pension law in March
trueThe Illinois Supreme Court will hear oral arguments on the constitutionality of Illinois’ pension law in March, in line with Attorney General Lisa Madigan’s request that the case be heard on an expedited basis.
Illinois attorney general seeks expedited hearing on pension law
trueIllinois Attorney General Lisa Madigan's office is seeking an expedited state Supreme Court hearing on the state's 2013 pension law after a lower court ruled last month the law was unconstitutional.
Atlanta pension fund participants appeal lawsuit dismissal to state high court
trueA group of participants in the three Atlanta pension funds appealed the dismissal by Fulton County Superior Court of its lawsuit challenging higher employee contributions for pension fund participants.
Rhode Island pension reform lawsuit set to go to jury trial April 20
trueRhode Island Superior Court Judge Sarah Taft-Carter on Tuesday granted a request by the state's lawyers for a jury trial in the lawsuit challenging Rhode Island's 2011 pension overhaul and set a trial start date of April 20.
Illinois court to hear arguments on pension reform law's constitutionality
trueA Sangamon County Circuit Court judge was set to hear oral arguments Thursday over the constitutionally of Illinois' pension reform law passed last year.
Court dismisses lawsuit challenging Atlanta pension reform
trueA Fulton County Superior Court judge dismissed on Wednesday a lawsuit challenging the constitutionality of higher employee contributions for participants in Atlanta’s three pension funds.
Kentucky Teachers' Retirement sued for not addressing 'dire' funded status
trueA high school teacher in Louisville, Ky., filed a lawsuit against the Kentucky Teachers' Retirement System, charging the Frankfort-based system with failing to adequately address its “dire” funded status.
Colorado high court upholds COLA reduction for state pension fund
trueThe Colorado Supreme Court ruled Monday that the reduction to cost-of-living adjustments for Colorado Public Employees Retirement Association members approved under earlier legislation was constitutional, court documents show.