Follow the Money – Episode 35

This episode was recorded on March 22, 2017. Rachel and Michael cover JASTA and the potential effects it will have on future investment activity. This episode has a special focus on legal issues and shareholder rights. There is also a debate on ethical investing and the costs of it. Download the Episode CONTENTS 1:05 Shareholder […]

Falcon Private Bank Pivots Away from Fallout of 1MDB Scandal

Zurich-based Falcon Private Bank, which was greatly affected by the fallout of the 1MDB scandal, is now getting a capital injection from Aabar Investments, a unit of Abu Dhabi’s International Petroleum Investment Co (IPIC). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

ADIA Sues Petrobras Thanks to Operation Car Wash Results

Increasingly, sovereign funds are asserting their shareholder rights over listed corporations when it comes to possible material misstatements by firm management, which can drastically impact the value of a company security. Petroleo Brasileiro S.A. (Petrobras), Brazil’s gigantic state-owned oil giant, has been embroiled in a widespread political scandal that brought down the country’s first female […]

Large Group of 9/11 Families Sue Saudi Arabia, JASTA Utilized

It appears the Justice Against Sponsors of Terrorism Act (JASTA) law is being utilized, after the U.S. Congress had overwritten then U.S. President Barack Obama’s veto. Both U.S. Presidents George W. Bush and Barack Obama were hard pressed to not hold the Saudi Arabian government accountable for the September 9/11 attacks for a variety of […]

The U.S. vs The Rest: Litigation Funding’s Local Characteristics

This article is sponsored by Goal Group. Even though the number of class action lawsuits brought to court is growing in mature jurisdictions around the world, the United States is still the largest market for securities and antitrust class action litigation. This is not least due to a number of crucial, and favourable, differences in […]

Lawsuits Pursued by Japanese Asset Owners Mount Against Toshiba

Already, Japan’s Government Pension Investment Fund (GPIF) had indirectly sued Toshiba Corporation, through Japan Trustee Services Bank, Ltd., seeking some ¥13 billion in damages. Electronics giant Toshiba is ensnared in a massive accounting scandal which greatly affected the company’s share price. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to […]

state street

FLEECED: State Street Agrees to Pay to Resolve Fraud Charges

In a serious blow to market and client confidence, Custodial giant State Street Corporation entered into a deferred prosecution agreement and agreed to pay a US$32.3 million criminal penalty to the U.S. Department of Justice (DOJ) to resolve charges that it engaged in a scheme to defraud a number of the bank’s clients by secretly […]

SouthGobi Executes New Deferral Agreement with CIC

On December 20, 2016, SouthGobi Resources Ltd., which owns and operates its Ovoot Tolgoi coal mine in Mongolia, announced the execution of a new deferral agreement with Land Breeze II S.à r.l., a sovereign wealth enterprise of the China Investment Corporation (CIC). This modified a revised payment schedule of US$ 20.7 million of cash interest […]

U.S. DOJ Slaps Volkswagen over Emissions-Cheating Scandal

German automaker Volkswagen AG is mired one of the costliest corporate scandals in world history. On January 11, 2017, the U.S. Department of Justice (DOJ), along with other U.S. agencies reached an agreement with Volkswagen on a number of charges after a 16-month investigation. The German auto giant was charged in the United States in […]

South Korean Special Prosecutor Detains NPS Chair

UPDATE: On December 29, 2016, Korea’s National Pension Service (KNPS) Chairman Moon Hyung-pyo reversed a public denial earlier and acknowledged that he had pressured KNPS to approve an US$ 8 billion merger between two Samsung Group affiliates in 2015. “What we can say is former minister Moon initially denied the charge (of pressuring NPS) but […]

Google Could Face $3.8 Billion in CA Labor Law Fines

A product manager at Google is suing the search giant over the company’s confidentiality policies, contending it breaches the labor laws of California. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Follow the Money – Episode 25

Rachel and I do a brief episode on “Follow the Money – Global Connections”. We touch upon JASTA and recent changes at Saudi Arabia’s Public Investment Fund (PIF). Rachel chats briefly about institutional real estate. Download the Episode CONTENTS 1:05 Quick Market Recaps 1:47 JASTA and Gulf Sovereign Funds 5:00 Saudi Public Investment Fund Being […]


JCAR015 Faces Major Impediment, Juno Therapeutics Shares Fall Fast

Finding a cure for cancer is not easy. Seattle-based Juno Therapeutics, a biopharmaceutical company, witnessed a precipitous drop in its stock price after another hold has been placed on its Phase II clinical trial in regards to anti-cancer therapies. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. […]

SWFI – Movers and Shakers – November 16, 2016

Mary Jo White to Exit as SEC Chair Mary Jo White, the 31st Chair of the Securities and Exchange Commission (SEC) announced plans to step down. White as appointed by U.S. President Barack Obama to serve as the chair of the SEC. White is a former U.S. federal prosecutor. She will exit at the conclusion […]

NZSF and TDC Pension Required to Move Espirito Santo Lawsuit to Portugal

The New Zealand Superannuation Fund (NZSF), along with other institutional investors, will have to take their legal action regarding a failed Portuguese bank, Banco Espírito Santo, in Portugal rather than in the United Kingdom. Banco Espírito Santo collapsed in 2014 and was bailed out by the country’s central bank, Banco de Portugal. To get the […]

Institute Fund Summit 2016 Europe – Frankfurt Slider3

Patrick Daniels, Partner at Robbins Geller Rudman & Dowd, educates our delegates on the current environment in shareholder rights. Pursuing claims can enhance overall returns. < PREVIOUS 4 of 20 NEXT > CONTACT INFORMATION Sponsorship Information Carl Linaburg clinaburg(a) General Information events(a) Membership Information vberretta(a)

Institute Fund Summit 2016 Europe – Frankfurt Slider8

Vedat Akgiray of Bogazici University, Ida Beerhalter of Iome Family Office and Noah R. Wortman, COO of Americas at Goal Group of Companies candidly talk about shareowner rights and corporate governance. Legal issues are serious issues. < PREVIOUS 9 of 20 NEXT > CONTACT INFORMATION Sponsorship Information Carl Linaburg clinaburg(a) General Information events(a) Membership Information […]

Former Wilshire Analytics President Files Lawsuit Alleging Discrimination

Santa Monica-based Wilshire Associates, an investment consulting firm touting the California Public Employees’ Retirement System (CalPERS) as a client, among many unions and pensions, is facing a lawsuit regarding age, gender and racial discrimination from a former female executive. The lawsuit seeks punitive, compensatory and other allowable damages. [ Content protected for Sovereign Wealth Fund […]

Goldman Sachs Defeats Libyan Wealth Fund in UK Court Over Derivatives Suit

After a high-profile battle in the U.K. high court, Goldman Sachs Group Inc. won the lawsuit regarding the Libyan Investment Authority (LIA) suing the bank for US$ 1.2 billion over losses from derivatives that LIA bought in 2008. These were over nine disputed trades. The LIA was represented by Enyo Law LLP, while Goldman Sachs […]

Early Retirement for Wells Fargo CEO Stumpf

After facing a barrage of criticism from the media and American public, Wells Fargo & Co. Chairman and Chief Executive Officer John Stumpf decided to step down. Stumpf served as the bank’s CEO since 2007. Ratings firm Morningstar named Stumpf CEO of the Year in 2015. Wells Fargo was pilloried in the public for its […]