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Oklahoma Police Pension files suit against Dole over buyout offer
trueOklahoma Police Pension & Retirement System, Oklahoma City, filed a lawsuit Aug. 16 against Dole Food Co. Inc. and its buyout proposal to take the company private.
Detroit bankruptcy protections affirmed as pension fund challenge set aside
trueDetroit can enjoy the protections of bankruptcy, including immunity from lawsuits related to the case, a federal judge ruled, extending that shield to Michigan Gov. Rick Snyder.
Detroit judge sets hearing over police pension fund's objection
trueThe $3.4 billion Detroit Police and Fire Retirement System Monday lost a bid to delay the city's $18 billion bankruptcy when a federal judge ruled he has authority over the filing and will hold a hearing to determine how much protection the city gets as the case moves forward.
Michigan judge says Detroit bankruptcy must be withdrawn
trueA Michigan judge declared that Detroit's Chapter 9 bankruptcy filing violated the state's constitution and ordered Gov. Rick Snyder to withdraw it.
Detroit pension funds sue to block city bankruptcy filing
trueTwo Detroit pension funds sued the city's emergency manager and Michigan's governor, asking that a court find a bankruptcy filing would conflict with the state's constitutional protection of public retirees' rights.
Louisiana Supreme Court: Cash balance plan law unconstitutional
trueThe Louisiana Supreme Court struck down as unconstitutional a recent law establishing a cash balance plan for some employees of three of the state's pension plans.
Loftis wins another battle with South Carolina Retirement System
trueCurtis M. Loftis Jr., South Carolina treasurer, won a skirmish in the battle of wills with other members of the South Carolina Retirement System Investment Commission through settlement of long-running securities lending litigation with Bank of New York Mellon Corp.
Google settles suit with Massachusetts pension fund
trueGoogle Inc. settled a lawsuit brought by the Brockton (Mass.) Contributory Retirement System over the company's plan for a stock split that shareholders claimed would unfairly allow founders Larry Page and Sergey Brin to strengthen their corporate control.
South Carolina securities lending settlement could net BNY Mellon 10-year custody contract
trueBank of New York Mellon agreed to pay a total of $34 million to settle securities lending litigation brought by South Carolina Treasurer Curtis M. Loftis Jr.
South Carolina panel tussles with state treasurer
trueDispute over private equity capital call is catalyst for 5-day hearing before state's Supreme Court.
News Corp. settles suit with pension funds
trueNews 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
trueThe 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
trueThe 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
trueSt. 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
trueA 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.