State courts
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South Carolina panel tussles with state treasurerDispute over private equity capital call is catalyst for 5-day hearing before state's Supreme Court.
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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.
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South Carolina high court drops suit retirement commission brought in spat with treasurerThe 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.
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South Carolina treasurer, retirement commission air dispute before state high courtThe 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.
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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.
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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.
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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.
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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.
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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.
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N.Y. State Common sues Qualcomm for political spending informationNew York State Common Retirement Fund, Albany, sued Qualcomm Inc., San Diego, to review records on political spending.
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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.
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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.
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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.
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Virginia suit against BNY Mellon dismissed; VRS renews with custodianA 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.
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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.
