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Federal judges allows pension lawsuit against JPMorgan to continue
March 28, 2013 by Matthew Pomy
Judge Katherine Forrest of the US District Court for the Southern District of New York on Wednesday denied a motion to dismiss a lawsuit brought by a pension plan against JPMorgan Chase (JPM). The lawsuit alleges that JPM engaged in risky business practices in investing in Lehman Brothers in a.... [more]
Canada Supreme Court ruled ban on benefits for same-sex couples unconstitutional [this day at law]
March 1, 2013 by Arjun Mishra
On March 1, 2007, the Supreme Court of Canada held that a decision by the Canadian Parliament in 2000 to deny retroactive survivor benefits to same-sex couples was unconstitutional discrimination under the Canadian Charter of Rights and Freedoms. That legislation recognized legal rights for same-.... [more]
Italy high court finds causal link between mobile phones and cancer
October 19, 2012 by Dan DeRight
The Italian Supreme Court ruled Thursday that a causal link exists between cell phone use and cancer, ordering that the appellant be compensated. The court found that the appellant developed a benign tumor on the left side of his face due to his job's requirement that he spend 5-6 hours a day on.... [more]
Greece judges protest proposed pay cuts under austerity measures
September 5, 2012 by Sung Un Kim
Greek judges and court employees on Wednesday assembled in front of the country's Supreme Court in Athens to protest proposed pay cuts under the austerity measures for 2013-2014 which will eliminate public sector jobs and lower wages and pension plans. Around 200 judges, public prosecutors and.... [more]
Peru legislature approves pension fund reform
July 5, 2012 by Sung Un Kim
The Congress of Peru on Wednesday approved a bill that would reform the country's private pension system. The bill, which will increase the number of workers while lowering the fees for contributors, was passed with a 11-10 vote with one abstention. Peru's current four private pension funds, which.... [more]
New York City pension funds file suit against Wal-Mart
June 12, 2012 by Jamie Davis
New York City on Monday filed a derivative suit in Delaware Chancery Court against Wal-Mart alleging that both officers and board members of the company breached their fiduciary duties to shareholders by improperly handling reports of bribery that occurred in Mexico. The allegations of bribery and.... [more]
Congress gave final approval to tobacco regulation bill [this day at law]
June 12, 2012 by Garrett Eisenhour
On June 12, 2009, the US House of Representatives passed the Family Smoking Prevention and Tobacco Act, which purported to help safeguard the public by granting the Food and Drug Administration (FDA) expanded authority to regulate tobacco products. The FDA first began its regulation of tobacco in.... [more]
Federal judge strikes down provision of Defense of Marriage Act
May 25, 2012 by Max Slater
A federal judge ruled on Thursday that California's state pension system must afford same-sex spouses of state workers the same access to long-term care insurance as heterosexual spouses. Judge Claudia Wilken of the US District Court for the Northern District of California struck down a provision.... [more]
Bank of America to pay $315 million to settle investor claims of deception
December 7, 2011 by Ashley Hileman
Bank of America (BOA) agreed Monday to pay $315 million in a settlement of claims brought by investors alleging they were misled with respect to mortgage-backed investments. Court papers disclosing the settlement agreement were filed in the US District Court for the Southern District of New York..... [more]
Civil partnership registration opened in UK [this day at law]
December 5, 2011 by Cynthia Miley
On December 5, 2005, the UK Civil Partnership Act 2004 took effect, marking the first day that same-sex couples were allowed to apply for a civil partnership ceremony. Nearly 700 couples participated in civil partnership ceremonies on December 22, 2005 after the required 15 day waiting period..... [more]
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