Administration
Pension Fund Participates in World's Largest LBO
July 4, 2008 (PLANSPONSOR.com) - A group lead by the Ontario Teachers' Pension Plan has struck a deal to complete the world's largest leveraged buyout.
S&P Changes Include Expansion of Global Equity Index
July 3, 2008 (PLANSPONSOR.com) - Standard & Poor's announced on Wednesday that the S&P/Citigroup Global Equity Indices will be combined with the S&P/IFCG and Frontier Index Series to...
Apple Hit with New Backdating Lawsuit
July 3, 2008 (PLANSPONSOR.com) - Two shareholders of computermaker Apple have sued chief executive Steve Jobs and other company officials for not disclosing the company's stock option backdating...
DB Pension Freeze Part of Delphi Restructuring
March 31, 2006 (PLANSPONSOR.com) - Auto parts supplier Delphi Corp. announced Friday that it will freeze pension benefits for hourly workers on October 1 and for salaried workers...
NTC Settles Enron Company Stock Case
March 31, 2006 (PLANSPONSOR.com) - Northern Trust Company has settled a retirement plan participant lawsuit filed against it in connection with the collapse of the Enron Corporation for...
Union, Newspapers Come to Terms on Pension Merger
July 3, 2008 (PLANSPONSOR.com) - The largest union of two Philadelphia newspapers has come to terms with management over the merger of two pension plans.
FASB Issues Proposed Accounting Changes for Pensions and OPEB
March 31, 2006 (PLANSPONSOR.com) - The Financial Accounting Standards Board (FASB) has issued the draft of proposed rules requiring employers to recognize the overfunded or underfunded positions of...
Microtune Agrees to Settle Backdating Charges
July 2, 2008 (PLANSPONSOR.com) - As the Securities and Exchange Commission (SEC) filed a civil action in United States District Court against Microtune, Inc. and two former senior...
Fugitive Founder of Bayou Hedge Fund Turns Himself In
July 2, 2008 (PLANSPONSOR.com) - Samuel Israel III, cofounder and former chief executive of the now defunct hedge fund firm, Bayou Management LLC, has surrendered to police following...
UnitedHealth Settles Two Options Backdating Suits
July 2, 2008 (PLANSPONSOR.com) - UnitedHealth Group on Wednesday announced settlement agreements resolving two separate lawsuits over prior stock options backdating.
Proposal to Pay Legal Fees for ex-SDCERS Officials Fails
January 31, 2006 (PLANSPONSOR.com) - The San Diego City Employees' Retirement System (SDCERS) board failed to gain enough support to have legal fees for two indicted former system...
Genworth Releases Annuity Supporting Research
January 31, 2006 (PLANSPONSOR.com) - Insurance company Genworth Financial, an annuity provider, has released a research report that it said argues for the need to have guaranteed income...
Coughlin Pleads Guilty to Wal-Mart Misappropriation Charges
January 31, 2006 (PLANSPONSOR.com) - Tom Coughlin, the ex-vice chair of retailing giant Wal-Mart Stores, was in federal court in Fort Smith, Arkansas Tuesday to enter a guilty...
National Investment Managers Snaps Up Alaska TPA
July 1, 2008 (PLANSPONSOR.com) - National Investment Managers Inc. has closed on the acquisition of Alaska Pension Services, Ltd. (APS).
Rogerscasey Acquires Toronto Consultant
July 1, 2008 (PLANSPONSOR.com) - Rogerscasey has acquired a Canadian investment consulting firm, Perimeter Capital Management Inc. (PCMI).
Legg Mason Pledges Capital Infusion for Risky Investments
July 1, 2008 (PLANSPONSOR.com) - Legg Mason, Inc. announced it has entered into capital support agreements (CSAs) for three money market funds exposed to risky asset-backed investments managed...
Bankruptcy Judge Approves NWA Pilots Pension Freeze
January 31, 2006 (PLANSPONSOR.com) - A New York bankruptcy judge has approved the freezing of Northwest Airlines Corp's pilot's pension plan, the Associated Press reports.
Court Decides ex-NYSE Chairman Can Keep His Pay
July 1, 2008 (PLANSPONSOR.com) - A New York appellate court shot down the New York attorney general's efforts to force ex-New York Stock Exchange (NYSE) Chairman Richard Grasso...
PERA Reform Bill Introduced in CO Legislature
January 31, 2006 (PLANSPONSOR.com) - Colorado state Senator Dave Owen has introduced the first of three expected bills designed to reform the Colorado Public Employees' Retirement Association (PERA).