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Hedge fund employee charged with stealing quant computer code
trueAn employee of Two Sigma Investments, a quantitative hedge fund firm with $18 billion in assets, has been arrested and charged by New York prosecutors with stealing computer data and a program from the firm.
Settlement reached over Rhode Island pension system lawsuit
trueA lawsuit challenging proposed changes to Rhode Island's state pension system was settled Friday.
Union pension fund sues over Suntory acquisition of Beam
trueNECA-IBEW Pension Trust Fund filed suit Wednesday against Beam Inc. over its proposed takeover by Suntory Holdings Inc.
Arkansas Public Employees awarded $16.5 million from timber manager
trueNational Timber Partners was ordered to pay $16.5 million to the Arkansas Public Employees Retirement System, Little Rock, for breaching a contract with the $7.3 billion pension fund.
New York attorney general expands crime unit to focus on finance industry
trueNew York Attorney General Eric Schneiderman formed a new unit focused on fighting financial wrongdoing, expanding an existing criminal bureau two years after Gov. Andrew Cuomo created a financial regulator with a similar mandate.
2 more Illinois retiree groups challenge constitutionality of pension reform law
trueTwo more Illinois retiree associations have joined the legal fray against the state's pension reform law, filing lawsuits on Thursday against the law's constitutionality.
Illinois Retired Teachers Association sues over state pension reform
trueThe Illinois Retired Teachers Association filed a lawsuit challenging the constitutionality of Illinois' recent pension reform law.
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.