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Pension Benefit Guaranty Corporation v. Eric Spitz et al
Case Number:
8:19-cv-00299
Court:
Nature of Suit:
Judge:
Firms
Government Agencies
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September 11, 2019
Fund Advisers Say $8M Pension Settlement 'Unfair' To Them
A proposed $7.8 million settlement for the pension plans of bankrupt California newspapers can't be approved as it potentially leaves financial consultants also targeted in the suit on the hook for more than their fair share, the advisers said.
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August 23, 2019
Media Co. Pension Heads To Pay $7.8M To End ERISA Suit
Executives who managed media company Freedom Communications' pension plan have agreed to shell out $7.8 million to settle claims they ran the investment fund into the ground, according to a Thursday filing in California federal court.