Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 81 - 90 of 120 results for "Lawsuit"

Competitive forces driving US pension fees down

MARK SMITH  |  WEDNESDAY, 18 MAY 2016
Greater transparency and increased competition, as well as the risk of legal proceedings, have driven companies in the US to demand lower fees from pension providers for their employees' 401(k) plans. As new disclosure rules allow companies to learn ...

CalPERS and Moody's settle for $130 million

DARREN SNYDER  |  FRIDAY, 11 MAR 2016
... record US$130 million for its erroneous ratings of structured investment vehicles prior to the Global Financial Crisis. The lawsuit tops CalPERS' US$125 million settlement with Standard & Poor's last year, bringing total recovery to US$255 million. CalPERS ...

Bond King Gross files $200m suit against PIMCO

MARK SMITH  |  FRIDAY, 9 OCT 2015
... million ($275 million) for breach of contract and plotting to oust him from the firm he set up more than 40 years ago. The lawsuit filed in Orange County, California - where PIMCO is head-quartered - focuses on the conflict between Mohammed El-Erian ...

Future Fund and AustralianSuper settle court case

LAURA MILLAN  |  THURSDAY, 18 JUN 2015
... country's largest industry fund, a Future Fund spokesperson told Financial Standard. "The Future Fund has chosen to settle the lawsuit for purely commercial reasons, to avoid ongoing legal costs and to enable the fund's management to fully focus on the ...

OMFG! Australia could lose an A

BENJAMIN ONG  |  TUESDAY, 20 MAY 2014
We're in trouble now Virginia... you, I and Irene! That credit ratings agency - Standard & Poor's has waded in into the Federal Budget and put us, Australians all, on notice. Just read S&P's sovereign analyst Craig Michael's lips: "If it looked as though ...

Storm claim unfair and baseless: CBA

LAURA MILLAN  |  MONDAY, 15 JUL 2013
... The claim will be heard today in the Federal Court of Queensland and it has been filed within the existing class action lawsuit against Commonwealth Bank that started in July 2010. ASIC's slow reaction on investigating cases of misconduct within the ...

Storm lawyers take ASIC and CBA to court over settlement

LAURA MILLAN  |  FRIDAY, 12 JUL 2013
... claim will be heard on Monday in the Federal Court of Queensland and it has been filed within the existing class action lawsuit against Commonwealth Bank that started in July 2010. "The application challenges ASIC's integrity in the performance of its ...

CalPERS cry foul play, backs lawsuit

MICHELLE BALTAZAR  |  TUESDAY, 19 FEB 2013
The largest public pension fund in the US, CalPERS, has expressed its support for the US government's civil lawsuit against credit rating agency Standard & Poor's Rating Services. Early this month, the US Department of Justice sued the agency for fraud ...

Market Wrap

AAP  |  TUESDAY, 28 AUG 2012
... 3.6 points, or 0.08 per cent, to 4,372.9 points. Shares of Apple hit new record highs after the company won its patent lawsuit against Samsung, but overall stocks traded mixed. The Dow Jones Industrial Average finished down 33.30 points (0.25 per cent) ...

The good, the bad and the whatever

BENJAMIN ONG  |  MONDAY, 10 OCT 2011
... barber's chair. On this point, it's interesting to see how Australia's Local Government Financial Services (LGFS) potential lawsuit against Standard & Poor's ends. LGFS is reportedly is preparing to sue S&P for its 'AAA' recommendations on financial ...