Union, Investor To Meet Over FirstGroup Pension Funding

Law360, London (May 13, 2021, 11:34 AM BST) -- A leading British trade union and the largest investor in FirstGroup PLC have agreed to meet following an allegation that the investment company wanted £336 million ($472 million) that was budgeted for the transport services group's pension scheme to go to shareholders instead.

A spokesman for Unite, which said it represents thousands of members at FirstGroup, said on Wednesday that it is happy to meet U.S.-based investor Coast Capital LLC to discuss the matter, but declined to comment further on the planned meeting.

Coast Capital said separately that it has invited the union for a meeting to discuss "areas of mutual...

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