April 27, 2022
Investors in a hedge fund that lost nearly $1 billion during the coronavirus-induced market crash in 2020 have reached settlements resolving their claims that fund manager Allianz Global Investors took extreme risks that caused the fund to collapse, the parties told a New York federal judge Tuesday.
May 27, 2021
The Judicial Panel on Multidistrict Litigation seemed skeptical Thursday when the plaintiff in a California federal court suit against Allianz Global Investors sought a consolidation with more than a dozen similar suits in New York's Southern District.
September 03, 2020
Investors in a hedge fund that lost nearly $1 billion during the coronavirus-induced market crash earlier this year say "extreme risk taking" by fund manager Allianz Global Investors caused the fund to collapse in a proposed class action in New York federal court.