Judge declines to OK settlement in challenge of hedge funds’ handling of KY pension money

Judge declines to OK settlement in challenge of hedge funds’ handling of KY pension money

FRANKFORT — Franklin Circuit Judge Thomas Wingate has declined to approve a final settlement in the long-running lawsuit against big hedge funds over their role in controversial investments by the Kentucky Retirement Systems more than 13 years ago.

'Gun to court's head': Judge won't give OK to Strongroom AI's sale proposal

Save (0) Please login to bookmarkClose Username or Email Address Password Remember Me A judge has refused an eleventh-hour application by administrators for Strongroom AI for court approval of a sale offer ahead of a second creditors meeting, likening the bid to “putting a gun to the court’s head”. Subscribe to Lawyerly to access this article.Already a subscriber? Username or Email Address Password Remember Me …

Scottish Widows abandons pension funds agreement

One of the UK’s largest pension funds has ditched a key agreement seen as crucial in Chancellor Rachel Reeves’ push to drive growth.  Scottish Widows has not signed up to the second iteration of the Mansion House Compact, despite having thrown its weight behind an earlier version of the plans.  The original pact saw 11 pension funds agree to invest five per cent of their assets in private markets. The new agreement, which has been dubbed the Man…