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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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Editor's Choice

Vale Mark Johnson

KARREN VERGARA | 11:06AM

Mark Johnson, a founding leader of Macquarie Group, has passed away.

Inflation hits 4.3%, RBA says it remains 'too high'

RIDDHIMA TALWANI | 12:37PM

Australia's inflation rose to 4.3% in the 12 months to September, according to the latest data from the Australian Bureau of Statistics (ABS).

Cbus creates new role for legal operations

MATTHEW WAI | 11:33AM

Cbus has welcomed a legal specialist to join the fund in a newly created role of group head of legal operations and strategy, bringing relevant experience from regulators ASIC and APRA.

Dexus to pay $30m in legal bills for leaked airport data case

RIDDHIMA TALWANI | 12:26PM

The Supreme Court of NSW has ordered Dexus to cover close to $30 million in legal costs incurred by Melbourne Airport owner Australia Pacific Airports Corporation (APAC) and its shareholders, after the property giant lost a court fight over claims it improperly shared confidential data while trying ...

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