New Jersey Suing Corporations Over Pension Losses
Series Of Lawsuits Over Pension Losses. Misdeeds by four corporations cost state pension funds $150 million in investment losses, New Jersey officials said Monday, and they promised a series of lawsuits to recoup damages. Overall, the state's pension funds have lost $22 billion in the stock market downturn of the past … [Read more...] about New Jersey Suing Corporations Over Pension Losses
NJ To Sue Qwest, EDS, Sears, Tyco Over Pension Losses
Four Companies Are Responsible For Pension Losses. New Jersey said Monday it plans to sue four companies it alleges are partly responsible for enormous losses the state's pension fund has sustained. Qwest Communications Inc. , Electronic Data Systems Corp., Sears Roebuck & Co. and Tyco International Ltd. are the … [Read more...] about NJ To Sue Qwest, EDS, Sears, Tyco Over Pension Losses
