Featured Jobs
|
Southern Pension Services
|
|
BPAS
|
|
MAP Retirement
|
|
Retirement Plan Consultants
|
|
Cash Balance/ Defined Benefit Plan Administrator Steidle Pension Solutions, LLC
|
|
Relationship Manager for Defined Benefit/Cash Balance Plans Daybright Financial
|
|
Managing Director - Operations, Benefits Daybright Financial
|
|
ESOP Administration Consultant Blue Ridge Associates
|
|
BPAS
|
|
Retirement Relationship Manager MAP Retirement
|
|
July Business Services
|
|
BPAS
|
|
Pentegra
|
|
Regional Vice President, Sales MAP Retirement USA LLC
|
|
Retirement Plan Administration Consultant Blue Ridge Associates
|
|
Anchor 3(16) Fiduciary Solutions
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
|
Sequoia Firm's Valeant Stake Brings Pain in Retiree Lawsuit
Bloomberg 
Mar. 17, 2016
"When Valeant Pharmaceuticals International Inc.'s stock tumbled 51 percent on Tuesday, nobody lost more than fund manager Ruane Cunniff & Goldfarb Inc., which saw $1.26 billion in value wiped out in a day.... On Monday, a retiree whose money was managed by Ruane Cunniff filed a lawsuit accusing the firm of conflict of interest, self-dealing and breach of trust. Those sins, the retiree alleged in a proposed group suit, fueled an environment that gave short shrift to participants of a retirement plan for employees of a company called DST Systems Inc.... A nontransparent fund managed by Ruane Cunniff was packed with shares of Valeant -- as much as 30 percent of its holdings, according to the complaint[.]" [Cooper v. Ruane Cunniff & Goldfarb Inc., No. 1:16-cv-01900-WHP (S.D.N.Y. filed Mar. 14, 2016)]
|
| Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
| An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |