Legal

Three union retirement plans sued the lender in 2010. Jury selection was scheduled to start yesterday when the attorneys instead announced publicly before U.S. District Judge Donovan Frank that theyd reached an accord.

A report by the Government Accountability Office found that while the most severely distressed multiemployer plans have taken steps to address their funding problems, some did not.

Three cases of interest to the Supreme Court have the potential to move the needle in the direction of plaintiffs claims.

Even though California teacher pensions - and therefore that debt - are guaranteed by the state, for accounting purposes the state treats that obligation as off its balance sheet, as if its not on the hook.

Memphis has underfunded its city- run pension plan since 2009, putting the cash toward its budget. Tennessee lawmakers want to attach a cost to that kind of scrimping on retirement expenses.

A deal that may help the city speed the end of the biggest-ever U.S. municipal bankruptcy, which is threatening city pensions.