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Employer Stock Plan Trustee Sued Over $200 Million Transaction

Two former employees of corporate travel company World Travel Inc. filed a lawsuit accusing the trustee of their employee stock ownership plan of mishandling a $200 million stock transaction that allegedly hurt workers’ retirement savings, according to a proposed class action filed in the Eastern District of Pennsylvania.

BNP, Deutsche, UBS Lose Bid to Finish Off Rate Rigging Lawsuit

BNP Parbias SA, Deutsche Bank AG, UBS Group AG, and other top global banks must continue facing antitrust claims over their alleged scheme to manipulate an Australian interest benchmark used to value financial derivatives, a federal judge in Manhattan ruled.

Washington University Opposes Retirement Plan Class of 27,000

Washington University in St. Louis is fighting an effort to certify a 27,000-person class in a lawsuit challenging the school’s $5.2 billion retirement plan, telling a federal judge the named plaintiffs can’t adequately represent the interests of plan participants who invested in different funds and paid different fees.

Ex-Chicago Bears Lineman Gets NFL Disability Plan Appeal Tossed

The National Football League’s disability benefits plan was too quick to appeal decisions favoring a former defensive lineman from the Chicago Bears 1985 Super Bowl-winning team, the Eleventh Circuit held, dismissing the appeals for lack of jurisdiction.

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