November 29, 2005 (PLANSPONSOR.com) - A proposed settlement has been reached in a lawsuit against Kmart executives which claims they breached their fiduciary duties by holding on to company stock as a retirement plan investment.
September 29, 2005 (PLANSPONSOR.com) - The nation's accounting standards organization is organizing an investor task force to give it a ready-made industry focus group so it can issue new accounting regulations more expeditiously, according to a news report.
September 29, 2005 (PLANSPONSOR.com) - The office of New York Attorney General Eliot Spitzer has announced that legal proceedings have begun on its investigation of illegal trading practices at J & W Seligman & Company.
September 29, 2005 (PLANSPONSOR.com) - One of the founders of Bayou Management LLC has pleaded guilty to criminal fraud charges in federal court.
September 29, 2005 (PLANSPONSOR.com) - As New York State Attorney General Eliot Spitzer continues widening his ongoing insurance industry probe beyond bid-rigging, another provider has received a subpoena about workers' compensation premiums.
August 29, 2005 (PLANSPONSOR.com) - The times are definitely changing in the C-suite with, among other things, a sizable compensation bump for directors of large US companies, a new study found.
May 8, 2007 (PLANSPONSOR.com) - New York State Attorney General Andrew Cuomo is looking into whether the officials in the state comptroller's office may have improperly swayed the investment decisions of those running the state's $150 billion pension fund, sources told the Albany Times Union
August 17, 2006 (PLANSPONSOR.com) - Many of the participants in a focus group of retirees have not done the math to gauge how much they actually need to retire, most assuming they will be able to scale back their resources and still lead a comfortable life, a recent study found.
August 17, 2006 (PLANSPONSOR.com) - Institutional investors saw performance slip in the second quarter, according to an index of US plan sponsor funds.
August 29, 2005 (PLANSPONSOR.com) - Financially struggling US Airways has hammered out a deal with the nation's private-sector pension insurer that should resolve the insurer's nearly $2.7 billion claims on the airline's bankruptcy estate.
May 7, 2007 (PLANSPONSOR.com) - Three private equity executives have formed a new firm, Leucadia Capital Partners LLC (LCP), to provide customized private equity investment management and advisory services to institutional investors.
May 7, 2007 (PLANSPONSOR.com) - The pension deficits of FTSE100 companies have eased by an estimated £20 billion over the last year, but a UK-based pension consultant suggests that this estimate doesn't take into account changing mortality rates.
July 17, 2006 (PLANSPONSOR.com) - UK companies funnel an average of 19.6% of their employees' salaries into defined benefit pension plans, and 17% of firms say the payments are hurting profit gains, according to a survey released Monday.
May 7, 2007 (PLANSPONSOR.com) - HSBC Bank USA N.A. has notified customers that it will cease providing 401(k) services by year's end.
July 29, 2005 (PLANSPONSOR.com) - Funding gaps in West Virginia's pension plans were slightly narrowed by greater than expected investment returns for the year ended June 30, 2005.
July 17, 2006 (PLANSPONSOR.com) - A new analysis released by the University of Iowa estimates that 29.2% of companies have backdated options and also tabulated that 13.6% of options granted to top executives from 1996 to 2005 were backdated or otherwise manipulated.
July 17, 2006 (PLANSPONSOR.com) - The California Teachers' Retirement System board voted to support a state Assembly bill to encourage the divestment from companies that do business in the Sudan.
July 29, 2005 (PLANSPONSOR.com) - HealthSouth Corp. has reached a $25 million settlement in the class action lawsuit brought against it by participants in its Employee Stock Ownership Plan (ESOP).
June 29, 2005 (PLANSPONSOR.com) - A Pennsylvania beer company known for its aluminum bottles has warned that it will close up shop entirely unless it is allowed to terminate its ailing pension plan.
May 17, 2006 (PLANSPONSOR.com) - Vitesse Semiconductor Corp. has terminated its chief executive officer (CEO) and chief financial officer (CFO) as a result of its internal probe into possible improper dating of stock options.