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Showing 101 - 110 of 120 results for "Lawsuit"

Global Sovereign Crisis

BENJAMIN ONG  |  THURSDAY, 6 MAY 2010
... enough when they go to trial. The California Public Employees' Retirement System won court approval to move forward with a lawsuit against ratings agencies Moody's, Fitch and Standard & Poor's over negligent misrepresentation. But back to Greece and ...

America's Eyjafjallajokull

BENJAMIN ONG  |  WEDNESDAY, 21 APR 2010
... Sachs! Yes, the same one facing fraud charges from the US Securities and Exchange Commission (SEC). The SEC filed a civil lawsuit against the investment firm last Friday (16 April) accusing it of "making materially misleading statements and omissions" ...

State Street settles suit for $340m

SEC RELEASE  |  MONDAY, 8 FEB 2010
State Street has agreed to pay more than $340 million in settlement to the SEC's charges on misleading investors about their exposure to sub-prime investments. According to the SEC, State Street also selectively disclosed more complete information to ...

MMC pays $428 million in compensation

MEDIA RELEASE  |  MONDAY, 16 NOV 2009
... McLennan Companies, which owns consultant Mercer, has agreed to pay $428 million (US$400 million) in settlement for a lawsuit filed six years ago that accused the firm of breaking securities law covering its contingent commission practices. According ...

Pension fund head gets jail sentence

RUTH LIEW  |  WEDNESDAY, 4 NOV 2009
... the purchase, noted the paper. IPE.com reported that he will also face a fine which will be decided in a separate civil lawsuit. There have been no known cases in Australia where a pension fund chief has received a jail sentence for causes including ...

Trinity files $1m lawsuit

MICHELLE BALTAZAR  |  THURSDAY, 24 SEP 2009
Listed company Trinity has filed a lawsuit against former Labor Party staffer Ross Daley and his company, Veritate, in a bid to recover $1 million paid to Daley "by mistake". On 31 August, the property group received a final report on the forensic investigation ...

CalPERS takes legal action against state furloughs

COMPANY RELEASE  |  FRIDAY, 21 AUG 2009
... furloughs do not accrue to the General Fund of the state of California, issued the following statement in connection with the lawsuit: "State law does not permit general fund budget problems to jeopardise the financial soundness of CalPERS or the benefits ...

Intra-fund advice relief opens super funds to lawsuits

MICHELLE BALTAZAR  |  TUESDAY, 4 AUG 2009
Super funds run the risk of giving their fund members damaging financial advice if they don't address the "hidden traps" that come with the new intra-fund advice rules, warns a planning expert. Last month the federal government endorsed ASIC's decision ...

Local funds won't follow CalPERS lawsuit

RUTH LIEW  |  THURSDAY, 16 JUL 2009
One of the US' biggest pension funds, the $223 billion CalPERS, has filed a lawsuit against three of the world's most powerful rating agencies to claw back some of its losses from the GFC, but local super funds look unlikely to follow suit. CalPERS ...

Shareholder claims hike D&O costs

MICHELLE BALTAZAR  |  MONDAY, 4 MAY 2009
... said that the landscape has changed from the occasional shareholder class action only five years ago to practically one lawsuit everyday. The number of litigation has reached a point that will force underwriters to increase premiums and increase their ...