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The Board of Trustees of the City of Pontiac General Employees Retirement System et al v. Northern Trust Investments, N.A. et al
Case Number:
1:09-cv-07203
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
- Bailey & Glasser
- Bernstein Litowitz
- Jenner & Block
- Keller Rohrback
- Mayer Brown
- Peiffer Wolf
- Schneider Wallace
- Sullivan Ward
- Winston & Strawn
Companies
Sectors & Industries:
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January 11, 2017
Funds Get OK On $4.2M Northern Trust Negligence Settlement
An Illinois federal judge on Wednesday approved a $4.2 million settlement of a class action brought by retirement funds against Northern Trust Co., closing the door on nearly eight years of litigation over the company's investment of fund money in Lehman Brothers Holdings Inc. and CIT Group Inc. shares.
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July 13, 2016
Northern Trust Settles With Funds In Negligence Action
Northern Trust Co. announced Wednesday it has reached a settlement in a class action that claims it negligently breached securities lending contracts by steering clients including two Pontiac, Mich., retirement funds toward risky assets such as Lehman Brothers Holdings Inc. and CIT Group Inc. shares.
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December 22, 2015
Mich. Funds Win Cert. In Northern Trust Negligence Action
A Chicago federal judge on Monday certified a class including two Pontiac, Michigan, retirement funds that claim Northern Trust Co. negligently breached securities-lending contracts by steering them toward risky assets including Lehman Brothers Holdings Inc. and CIT Group Inc. shares and failing to divest as markets collapsed.