Courts/legal

Kavanaugh pick signaling change ahead

COURTS

COURTS

Supreme Court nominee Brett Kavanaugh's strong views on what federal regulations has regulators eyeing the process.
R.I. treasurer seeks transparency laws for church plans

DEFINED BENEFIT

DEFINED BENEFIT

Rhode Island treasurer wants funding disclosure for church-affiliated plans.
FCA's costs related to Brexit jump 2.5 million from previous year

Regulation

Regulation

The U.K.'s Financial Conduct Authority spent 2.5 million more on costs associated with Brexit compared to the previous fiscal year.
Sofinnova Ventures settles with SEC over pay-to-play violation

Regulation

Regulation

Sofinnova Ventures agreed to pay $120,000 to settle "pay-to-play" charges from the Securities and Exchange Commission.
Hedge fund making play for troubled Abraaj

Alternatives

Alternatives

York Capital Management joins the race to buy the asset management platform of Abraaj Group, the embattled Dubai private equity firm.
Danish fund suspends investments in Danske Bank

Pension Funds

Pension Funds

MP Pension, Gentofte, Denmark, has temporarily stopped investments in Danske Bank.
 Ex-New York State Common manager gets 21 months for pay-to-play

COURTS

COURTS

A former portfolio manager for the New York State Common Retirement Fund was sentenced to 21 months in prison for accepting gifts.
Executive order gives federal agencies leeway on hiring of in-house judges

Washington

Washington

A White House executive order lets government agencies hire in-house judges directly, instead of going through federal hiring procedures.
Kavanaugh had vote on overturning 'Merrill Lynch rule'

Courts

Courts

Supreme Court nominee has challenged a precedent that courts should defer to regulators' interpretation of law when there is ambiguity.
Oaktree Capital Management settles with SEC over pay-to-play charges

REGULATION

REGULATION

Oaktree Capital Management reached a settlement agreement with the SEC over charges it violated pay-to-play rules.
Judge dismisses stock-drop suit against Allergan

COURTS

COURTS

A federal judge dismissed a suit against Allergan PLC over the offering of company stock in a DC plan menu.
Cannabis opportunities merit frank talk

EDITORIAL

EDITORIAL

It won't be long before investors, including public pension funds, will have ample opportunities to invest in the cannabis industry.
Custodian Matrix sued for alleged involvement in theft of 403(b) plan assets

Courts

Courts

Matrix Trust Co. is being sued in a class-action lawsuit for its alleged involvement in the theft of 403(b) plan assets.
RBS settles with Illinois over RMBS sales; $20 million to be dispersed to pension funds

Courts

Courts

Illinois pension funds will share a $20 million settlement the state reached with the Royal Bank of Scotland over the marketing and sale of RMBS.
British Airways will not have to pay discretionary pension benefits trustees approved, court rules

PENSION FUNDS

PENSION FUNDS

British Airways will not have to pay an additional 12 million ($16 million) in discretionary pension benefits.