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Superannuation

US pension funds get $800m from class action

BY MEDIA RELEASE | MONDAY, 19 JUL 2010 12:55PM

Three Ohio pension funds have won a $840 million settlement from AIG after the insurer agreed to settle claims of accounting violations and stock price manipulation, in the tenth-largest securities class action settlement in U.S. history.

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Australian Unity to shed 195 roles

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