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4 Jan 2011, 8:23 am by admin
  It is not just the pensioners who suffer when a pension fund runs dry. [read post]
2 Jan 2011, 5:07 pm by Matt Johnston
Across the nation, a rising irritation with public employee unions is palpable, as a wounded economy has blown gaping holes in state, city and town budgets, and revealed that some public pension funds dangle perilously close to bankruptcy. [read post]
1 Jan 2011, 8:28 pm by Glenn Reynolds
David Paterson: Public Pension Funds Are About to Implode…And On That Note, I Am Outta Here! [read post]
1 Jan 2011, 4:12 pm by Rick Hills
Meanwhile, New York AG and governor-elect Andrew Cuomo settled a civil suit against Steven Rattner, financier and political insider accused of participating in a kickback scheme to win business investing New York's pension funds. [read post]
31 Dec 2010, 10:41 am by Joseph C. McDaniel
Traditionally, public pensions and union pensions and other sorts of pensions are off-limits to politicians, because geezers vote. [read post]
30 Dec 2010, 5:51 pm
The plaintiff, the largest pension fund in the US, is seeking more than $1 billion in securities fraud damages stemming from the inaccurate subprime ratings. [read post]
30 Dec 2010, 3:04 pm by Emily Chan
Social Innovation Fund Investigation – This year we saw the first ever Social Innovation Fund (SIF) grant competition, a program created from the Edward M. [read post]
30 Dec 2010, 1:29 pm by Securites Lawprof
New York AG Cuomo today announced an agreement with Steven Rattner, former founding principal of private equity firm Quadrangle Group, LLC (“Quadrangle”) in the Attorney General’s public pension fund investigation. [read post]
30 Dec 2010, 10:37 am by Terren Magid
Private and public pension funds continue to be faced with daunting deficiencies between assets and liabilities. [read post]
30 Dec 2010, 8:00 am by Lucas A. Ferrara, Esq.
New York State Comptroller Thomas DiNapoli, as sole trustee of the Fund, will co-lead the class together with the Ohio Attorney General who represents four Ohio public pension funds. [read post]
30 Dec 2010, 6:00 am by Kara OBrien
In applying the Code, the FSA also encourages firms to have regard to applicable good practice on remuneration and corporate governance such as guidelines produced by the National Association of Pension Funds (see Annex 2, Section D below). [read post]
29 Dec 2010, 12:15 pm by Cynthia Marcotte Stamer
With New Years Eve celebrations approaching and the Holiday Season wrapping up, businesses should take some common sense steps to minimize the risk of waking up in 2011 with a liability hangover. [read post]
29 Dec 2010, 6:45 am by Stikeman Elliott LLP
Hedge funds, pension funds and other pools of capital have increasingly been taking active positions in public companies or participating in Companies’ Creditors Arrangement Act (“CCAA”) or other distressed transactions. [read post]
26 Dec 2010, 2:09 pm by Buce
George Will gasps this morning at the horror of the state and local pension calamity: the shortfall in funding, the chaotic accounting and disclosure, and the overall grabbiness of employes on the public payroll. [read post]
22 Dec 2010, 9:00 pm
Prichard, Alabama (pop. 27,000), like most states and cities in the United States, has a defined-benefit pension for public employees. [read post]
22 Dec 2010, 4:30 am by Jonathan Simon
  Jonathan Simon American state prison systems face a problem equivalent to our once great manufacturing corporations with their unsustainable pension and health care promises to their workers and retirees. [read post]
21 Dec 2010, 6:51 am by admin
  Even if pension funds were deemed somehow a ‘secured’ creditor, they too could be similarly crammed down to fair market value (which I wrote about twenty years ago in When Bankruptcy is the Best Survival Strategy). [read post]
21 Dec 2010, 2:55 am
The grievances challenging DOI’s procedures are not arbitrable as a matter of strong public policy.The Court of Appeals said that the public policy issue concerned DOI’s ability to conduct criminal investigations. [read post]