| 单词 | fiduciary |
| 例句 | He prefers money as a concept and often uses terms such as annuity and fiduciary, words definitely not listed in the dictionary of mindless entertainment. Me Talk Pretty One Day 2000-05-02T00:00:00Z Earlier this year her lawyer, Carter A. Reich, accused the auction house in a letter of “breach of contract, fraudulent misrepresentation, negligence and breach of fiduciary duty.” Her ‘Chagall’ Is Headed for the Trash. How’s That for Caveat Emptor? 2022-07-06T04:00:00Z Where there is a likelihood of dissension, appoint an independent fiduciary or trustee. The big lessons from celebrity estate wars 2012-01-26T18:47:45Z The lawsuit claims two counts of breach of fiduciary duty, and one count each of engaging in a prohibited transaction and failing to disclose information material to plan participants. Actors Sue SAG-AFTRA Health Plan Over Changes in Insurance 2020-12-02T05:00:00Z But the Anderson Center’s fiduciary responsibility is to get as much money from its windfall as possible, which Christie’s is likely to pull off. Critic?s Notebook: Forrest Bess Paintings at Christie?s and Whitney Biennial 2012-03-22T21:35:57Z Kurie’s conclusions about Hersey display measured good sense: No, a fiduciary responsibility does not mean the trust is obligated to sell; yes, the Hershey School could be better run. Review | ‘In Chocolate We Trust’: The bittersweet tale of Hershey’s philanthropy 2018-03-29T04:00:00Z “As the holder of Indiana’s healthcare and financial powers of attorney, Thomas owed Indiana fiduciary obligations. He breached those obligations.” Robert Indiana’s Estate Says Artist’s Caretaker Neglected Him 2019-08-15T04:00:00Z Now I am torn between respecting my friend’s privacy and meeting my fiduciary responsibility to the organization. @Work Advice: When the director is a friend, and a drinker 2016-07-12T04:00:00Z The lawsuit accuses Daughtry of "constructive fraud, breaches of fiduciary duty, unfair trade practices, and other deceptive and wrongful conduct." 3 ex-bandmates file suit against Chris Daughtry 2012-04-06T21:40:17Z “If he felt like being a whistle-blower, he should have called the authorities or stepped out of the musical, given that he had a fiduciary relationship to the producer Ben Sprecher,” Mr. Russo said. ‘Rebecca’ Producers Sue Publicist Marc Thibodeau 2013-01-29T22:21:49Z The suit includes claims of breach of contract, negligence, breach of fiduciary duty and unjust enrichment. Rihanna sues ex-accountants, says she lost millions 2012-07-05T18:45:20Z She added that “the board voted, as part of their fiduciary duty to explore all options to save S.F.A.I., to continue exploring pathways and offers for endowing or selling the mural.” San Francisco’s Top Art School Says Future Hinges on a Diego Rivera Mural 2021-01-05T05:00:00Z The organization accused her of stealing his work, some of which it said she sold for her own benefit in a breach of fiduciary duty. Case Against Robert Motherwell’s Foundation Is Dismissed 2016-12-20T05:00:00Z O’Donnell’s lawsuit accuses Kadre of breach of contract and fiduciary duty, as well as fraud, and it seeks a jury trial for unspecified damages. Is this a real Jackson Pollock? L.A. power lawyer sues over potential $100-million mystery 2016-10-10T04:00:00Z The curriculum covers agency relationships, fiduciary duties, legal compliance and dispute resolution. Why the travel industry’s ethics matter 2016-10-13T04:00:00Z To guard against the commercial exploitation of data, he usefully calls for a new class of “information fiduciaries” to act as intermediaries between people and the companies that seek to use their data. Uses and abuses 2015-04-01T04:00:00Z A Los Angeles jury found him liable for breach of fiduciary duty as well as taking trade secrets and interfering with the contracts of TCW clients, but declined to award any damages. Bond fund manager offers £1m for stolen art 2012-09-25T18:23:59Z Mrs. Kelly, 32, is a vice president in the fiduciary client group, in New York, at Sotheby’s, the auction house. Alexandra Shorall, Colin Kelly 2018-11-04T04:00:00Z This, the suit alleges, was a breach of contract and fiduciary duty. Jerry Falwell Jr.'s feud with Liberty University escalates with dueling lawsuits 2021-04-16T04:00:00Z You owe it to yourself to avoid the legal repercussions of violating your fiduciary duty. @Work Advice: When the director is a friend, and a drinker 2016-07-12T04:00:00Z But it’s also important to recognize that as fiduciary of the city, that the art is an asset of the city. Michigan governor: Detroit’s art museum is an “asset” 2013-06-09T19:00:00Z The law includes greater oversight of professional fiduciaries, such as those who controlled Spears’ life and financial decisions. Spears case spotlights state efforts to rein in conservators 2021-10-01T04:00:00Z “He reported to a board that has oversight, that has fiduciary responsibility for that museum.” After Basquiat Raid, Orlando Museum Faces Crisis of Credibility 2022-08-12T04:00:00Z Besides the obvious fiduciary benefits of such an arrangement, I was most interested in the title it confers. I was a screenwriting guru groupie 2012-11-24T15:00:00Z Jamie Spears currently serves as a co-conservator of his daughter’s estate, helping to oversee her finances alongside Bessemer Trust, a corporate fiduciary. Britney Spears Asks to Address Court Overseeing Her Conservatorship 2021-04-27T04:00:00Z “As fiduciaries of S.F.A.I., the trustees are obligated to consider and pursue all options for putting our assets to work — including the mural.” Chairwoman of San Francisco Art School Facing Budget Issues Resigns 2021-01-22T05:00:00Z “I implore the fiduciaries of this incredible house to urgently help to find a solution to compensate our artists appropriately,” Nézet-Séguin wrote. Met Opera’s Music Director Decries Musicians’ Unpaid Furlough 2021-03-18T04:00:00Z The show's producers sued Marc Thibodeau in New York State Supreme Court on Tuesday, claiming defamation and breach of contract and fiduciary duty. Troubled 'Rebecca' musical snares show's publicist 2013-01-30T02:55:08Z A key provision of those statutes is that a fiduciary relationship — one of trust — is created when an artist consigns a work to a gallery. Race, Loyalty and Transparency in an Artist’s Lawsuit 2020-05-03T04:00:00Z The judge found that he mistakenly allowed the jury to hear details about an allegation connected to Lady Gaga and Fusari’s personal relationship and his fiduciary duty to her. Judge Overturns $7.3 Million Verdict Against Lady Gaga's Former Boyfriend 2015-10-02T04:00:00Z Throughout my 44 years of life to date, regardless of waxing and waning fiduciary fortunes, I have ever lived with the stolid sense of confidence that only a strong and loving family can instill. Here's What Nick Offerman Is Thankful For 2014-11-20T05:00:00Z In September she went even further, asking that a corporate fiduciary, the Bessemer Trust, become conservator of her finances instead of her father. In court moves, Britney Spears seeks freedom from father 2020-11-09T05:00:00Z Overnight LLC, led by producer Rick Schwartz, accuses Kaufman of breach of contract, breach of fiduciary duty and misappropriation of corporate opportunity in a lawsuit filed in Manhattan federal court. Film producer sues over "Black Swan" 2010-12-23T22:53:59Z More recently, Louise Renne, San Francisco’s former city attorney, was one of two other trustees to resign, saying she could not “fulfill her fiduciary duty,” given the board’s management. Dede Wilsey Is the Defiant Socialite 2016-09-24T04:00:00Z “Using funds that are donor-restricted for something other than their intended purpose would be a breach of fiduciary duty,” Mr. Mancino said. Chairwoman of San Francisco Art School Facing Budget Issues Resigns 2021-01-22T05:00:00Z "The board, consistent with its fiduciary duties, remains committed to evaluating any alternatives that would enhance shareholder value." Regal Entertainment pulls back on sale plans 2015-01-15T05:00:00Z One could even argue that the fiduciary responsibilities of the studio's executives to their shareholders effectively means this wasn't even a choice at all. Review: ‘Doctor Strange’ and His Most Excellent Adventure 2016-11-03T04:00:00Z Even something like the fiduciary rule, which can seem like a luxury issue — that, in very meaningful ways, affects people’s lives down the line. John Oliver Returns: ‘I’m Not a Complete Nihilist’ 2017-02-07T05:00:00Z Among other causes of action, the suit alleges breach of contract, breach of fiduciary duty, and fraud. Producers on Tom Cruise film sued for breach of contract 2012-02-06T05:33:40Z I’m a board member, so I’m a fiduciary. The public voice of George Lucas' museum talks diversity, access and how this museum aims to be different 2017-01-18T05:00:00Z The lawsuit seeks financial damages, and to wrest control of the health plan from the trustees and appoint an “independent fiduciary” to manage it and potentially reverse the changes. Actors Sue SAG-AFTRA Health Plan Over Changes in Insurance 2020-12-02T05:00:00Z “Mine is the inevitable fate of the overwhelmed fiduciary: inextinguishable boredom and fear of liability.” In Joseph O’Neill’s ‘The Dog,’ a depressed lawyer in Dubai won’t stop talking The Friends of the Barnes argue in court papers that Mr. Fisher “absolutely violated his fiduciary duties by taking an improper role,” and did so without advising Judge Ott. ArtsBeat: Court to Hear More Arguments in Barnes Foundation Dispute 2011-03-29T17:49:11Z The bride’s mother is a fiduciary accountant at Davidson, Dawson & Clark, a law firm in New York. Lauren Escobar, Alex Slater 2020-02-09T05:00:00Z Cochran was found liable for financial elder abuse, fraud and breach of fiduciary duty. Peter Beagle, Author of ‘The Last Unicorn,’ Is Back In Control 2022-08-11T04:00:00Z “This case is not about legitimate competition — it is about a profoundly disloyal fiduciary.” Food Fight Heats Up as America’s Test Kitchen Sues a Founder 2016-11-03T04:00:00Z Following Buckingham’s surprise firing from Fleetwood Mac in January, the guitarist filed a lawsuit against the band in October, alleging breach of fiduciary duty and breach of oral contract, among other charges. Fleetwood Mac, Lindsey Buckingham settle lawsuit over dismissal from band 2018-12-10T05:00:00Z In the complaint, Activision alleges that EA intentionally interfered with contracts, engaged in unfair competition and aided and abetted breaches of fiduciary duty by the executives. Activision targets EA in $400 million lawsuit 2010-12-22T03:02:09Z I do believe as fiduciary I am in very, very strong waters.” Who Owns Helen Gurley Brown’s Legacy? 2015-08-22T04:00:00Z Under US law, shareholders could argue that keeping a known serial harasser on the board was a breach of their fiduciary obligations to the company. The Weinstein Company faces fight for survival with or without a new name 2017-10-14T04:00:00Z The campaign has become even more extreme since 2010, when the Citizens United ruling extended First Amendment protection of citizens’ political speech to corporate fiduciaries of shifting whorls of anonymous shareholders. The coddling of the conservative mind 2016-01-13T05:00:00Z Those levels pass through a governance function at the state Office of Superintendent of Public Instruction and school boards, which too often are focused on their fiduciary responsibilities alone. Education: ‘Focus on governance’ 2023-11-13T05:00:00Z De Niro’s lawyers sued Robinson for breach of loyalty and fiduciary duty even before her lawsuit was filed against him in 2019. Jury awards $1.2 million to Robert De Niro’s former assistant in gender discrimination lawsuit 2023-11-09T05:00:00Z In his arguments, Schoenstein asked the jury to compensate De Niro for his legal claims, which allege breach of loyalty and fiduciary duty requirements. Robert De Niro attends closing arguments in civil trial over claims by ex-VP, personal assistant 2023-11-08T05:00:00Z For one thing, because such strandings would damage corporations, company directors who approved them would be left open to personal lawsuits for breaching their corporate fiduciary duty. Why fossil fuel companies can’t leave resources stranded 2023-11-08T05:00:00Z De Niro has asked a jury to award him $6 million on breach of loyalty and fiduciary duty grounds. Robert De Niro’s former top assistant says she found his back-scratching behavior ‘creepy’ 2023-11-03T04:00:00Z "Brookfield is not a bottomless pit of money, we are a financial institution, we have a fiduciary duty to our investors to be good stewards of that capital and allocate that capital appropriately." Brookfield to push ahead with $10.5 bln Origin bid dismissed by top investor 2023-11-02T04:00:00Z If you aren’t sure where to start, in addition to tracking your spending, reach out to a fiduciary financial planner — ideally before your money comes in. Millennial Money: How to adjust to prosperity after poverty 2023-10-24T04:00:00Z And so it goes back to this holistic versus the fiduciary. What new AD Troy Dannen means when he says UW must ‘stay ahead of the train’ 2023-10-10T04:00:00Z Franz that rejected the plaintiffs’ claims and reaffirmed the Washington Department of Natural Resources’ fiduciary obligation to manage these lands for the benefit of the defined beneficiaries. WA's forested trust lands are working for us | Op-Ed 2023-10-10T04:00:00Z The suit filed Wednesday also names as defendants Creative Artists Agency, Ormond’s former agency, alleging negligence and breach of fiduciary duty, as well as Walt Disney Company and Miramax, for negligent supervision and retention. Julia Ormond sues Weinstein for assault and says top CAA agents enabled him 2023-10-04T04:00:00Z In a statement, Oregon Attorney General Ellen Rosenblum said the Fox Corporation breached its fiduciary duties by disregarding the legal risks of peddling falsehoods. NYC pension funds, state of Oregon sue Fox over 2020 election coverage 2023-09-12T04:00:00Z Hartog said the trustees have a fiduciary duty to make “unproductive property productive,” and that requires selling the Stinson Beach home. Dispute over Sen. Feinstein's family fortune aired further as attorneys spar in court 2023-09-11T04:00:00Z The lawsuit alleged Amazon’s directors and officers “consciously and intentionally breached their most basic fiduciary responsibilities” by signing off on what could be billions of dollars of contracts between Project Kuiper and Blue Origin. Amazon accused of ‘funneling’ contracts to Bezos-owned Blue Origin 2023-09-01T04:00:00Z The court rightfully determined that timber harvests are aligned with the fiduciary obligation to generate much-needed revenue for services that support our kids and keep our communities safe and healthy. WA's forested trust lands are working for us | Op-Ed 2023-10-10T04:00:00Z “Our number one obligation is to uphold our fiduciary duties,” the company wrote in the letter. The 122-year-old US Steel is reviewing “numerous” buyout offers 2023-08-29T04:00:00Z That 2020 state fiduciary duty rule went beyond a standard the U.S. Massachusetts court rejects Robinhood's challenge to state investment advice rule 2023-08-25T04:00:00Z He claims that his conservators, previously believed to be his adoptive parents, “flagrantly disregarded their statutory and fiduciary duties” to him during that time. Michael Oher accuses Tuohys of hiding 19 years' worth of financial records from him 2023-08-22T04:00:00Z The pension fund is asking the court to declare that Amazon and its board of directors breached their fiduciary duty and demand repayment of any profits or benefits as a result. Amazon accused of ‘funneling’ contracts to Bezos-owned Blue Origin 2023-09-01T04:00:00Z Thus, Upper Deck, if the case proceeds, is arguing a breach of contract and fiduciary duty. 'Disney Lorcana' aims to shake up the trading card game space 2023-08-22T04:00:00Z The lawsuit accuses the Tuohys of a "gross and appalling" breach of fiduciary duty. Michael Oher, subject of The Blind Side, alleges 'adoptive parents' tricked him 2023-08-14T04:00:00Z The Department of Labor got involved in that dispute, essentially siding with the union fund and arguing to the court that Blue Cross should be considered a fiduciary of the health plan. Health insurers don’t want you to know where your money is going 2023-08-06T04:00:00Z The Brady organization argued that their fiduciary duty to the N.R.A. conflicted with their government roles. The Secret History of Gun Rights: How Lawmakers Armed the N.R.A. 2023-07-30T04:00:00Z The lawsuit alleged that the directors breached their fiduciary duties by “awarding themselves excessive and unfair compensation.” Tesla board members agree to give back over $700 million in compensation 2023-07-18T04:00:00Z “The Board also does not appear to have adequately disclosed concerns about these issues to investors, undermining shareholders’ ability to make informed voting and investing decisions and to hold their fiduciaries accountable,” Ms. Warren said. Elizabeth Warren wants SEC to investigate Tesla over Elon Musk’s dual role running Twitter 2023-07-17T04:00:00Z When its calls were not heeded, Wildcat sued Sorrento alleging breaches of fiduciary duty and requested access to its records. Exclusive: Bonderman's Wildcat seeks to thwart $2.9 bln Consolidated Communications deal 2023-07-12T04:00:00Z That ruling shows the bind employers are now in: It leaves the employer as the fiduciaries of health plans, putting them on the hook for making sure the money is spent responsibly. Health insurers don’t want you to know where your money is going 2023-08-06T04:00:00Z By approving the payment, Twitter’s former executives and board breached their fiduciary duty, the lawsuit said. Twitter Sues Law Firm Over $90 Million Payment in Elon Musk Deal 2023-07-07T04:00:00Z The lawsuit accuses Friedberg of legal malpractice and breaching his fiduciary duty. FTX accuses ex-lawyer of aiding Bankman-Fried's fraud, silencing whistleblowers 2023-06-28T04:00:00Z “If we as council members, who are fiduciaries of the city, don’t provide the employees with the equipment, facilities, salary and benefits that they deserve, we run afoul of federal labor law,” Mr. Bond said. Atlanta City Council Approves ‘Cop City’ Funding Despite Protests 2023-06-06T04:00:00Z “Treasurer Read and I believe that Fox’s board of directors breached its fiduciary duties by allowing Fox News to broadcast false claims that Dominion and Smartmatic rigged the 2020 presidential election,” Rosenblum said. Oregon is invested in Fox Corp. and is investigating its board over bogus election fraud claims 2023-06-06T04:00:00Z Small strongly defended the transfers as consistent with both the mission of TPMS-US and his fiduciary duty to increase its funding, which he said had been steadily declining as donations dried up. Vatican questions how priest moved $17 million meant for missionary work into investment fund 2023-05-31T04:00:00Z “The Board of Trustees remains negligent in its fiduciary duties to the institution. Our highest priority is establishing qualified leadership on the Board and in the Administration. We are not there yet.” Whittier College president resigns amid financial troubles, plunging enrollment 2023-05-12T04:00:00Z While allowing the plaintiffs to pursue their claims that Zuckerberg and several others breached their fiduciary duties to the company, Laster dismissed insider trading claims against several defendants, with the exception of Zuckerberg. Delaware judge refuses to dismiss Facebook shareholder suit over user data privacy breaches 2023-05-10T04:00:00Z But in concluding that Block directors did not breach their fiduciary duties, McCormick said she could not "presume bad faith based on the merits of the deal alone." Judge dismisses lawsuit over Block's 'terrible' purchase of Jay-Z's Tidal 2023-05-09T04:00:00Z "Secretary Galvin feels strongly in the need to apply fiduciary duty standards to financial professionals," a spokesperson said. Robinhood, securities regulators face off over Massachusetts fiduciary rule 2023-05-03T04:00:00Z “It is essential for us to work with financial institutions that are focused on free-market principles and not beholden to social goals that override their fiduciary duties.” Oklahoma the latest state to boot BlackRock, other firms over ESG investment 2023-05-03T04:00:00Z "We want them to act as fiduciaries. We do not want them engaged on these ideological joyrides," said DeSantis just before he signed the bill at a webcast event. DeSantis signs sweeping anti-ESG legislation in Florida 2023-05-02T04:00:00Z “Franklin Templeton is deeply embedded in Climate Action 100+; and we are troubled that, by focusing on the radical ESG agenda, it may be violating its fiduciary duties to shareholders in our state.” Louisiana launches ESG probe into major climate fund pushing green investments 2023-04-25T04:00:00Z He said Mr. Solomon has no fiduciary responsibilities toward Discovery and “is not involved in the business operations” of the company. Not Just a D.J., Goldman C.E.O. Also Dabbles in Luxury Real Estate 2023-04-24T04:00:00Z "The business community is not taking the threat of a Taiwan crisis seriously enough," Gallagher said ahead of the game, warning such an attitude "verges on dereliction of fiduciary duty." US war game on Taiwan shows need for 'decisive action' to boost arms 2023-04-20T04:00:00Z Conservative critics call ESG woke capitalism that violates fiduciaries’ obligation to achieve the best return on investments for their clients. Oklahoma the latest state to boot BlackRock, other firms over ESG investment 2023-05-03T04:00:00Z Trump's suit accuses Cohen of "multiple breaches of fiduciary duty, unjust enrichment, conversion, and breaches of contract by virtue of Defendant's past service as Plaintiff's employee and attorney." Ex-prosecutor warns Trump's "vengeance" lawsuit against Michael Cohen could blow up in his face 2023-04-17T04:00:00Z Private sector creditors who also participated in Wednesday's meeting had indicated that they would want to participate in debt restructuring deals as part of their fiduciary responsibility, Malpass said, calling that a positive development. Exclusive: To measure progress on sovereign debt, look to actual deals -World Bank's Malpass 2023-04-13T04:00:00Z Fund managers said divesting from BlackRock would breach their fiduciary duties. GOP war on ESG suffers setbacks in red states 2023-04-12T04:00:00Z At least two law firms are investigating Fox's board of directors for potential breach of fiduciary duty in connection to the Dominion and Smartmatic cases, according to the report. “Fox knew”: Shareholder sues Rupert Murdoch over Fox News’ “stolen election claims” 2023-04-12T04:00:00Z “Climate change poses a threat to the safety of our communities and the long-term value creation of the economy, and addressing its risks upholds investors’ fiduciary duty,” the statement said. Kansas passes anti-ESG bill, but it’s milder than some want 2023-04-06T04:00:00Z Asset managers have argued that such memberships align with their fiduciary obligations, and some are giving clients more control over proxy votes. US Republicans widen challenge to fund managers on ESG 2023-03-31T04:00:00Z In 2019, the company transitioned to a “capped” for-profit company, while continuing to insist its “primary fiduciary duty is to humanity.” Column: Afraid of AI? The startups selling it want you to be 2023-03-31T04:00:00Z In its tax filings, the think tank wrote that it provided “fiduciary oversight, financial management and other administrative services to help build the capacity” of Crowdsourcers. Activist group led by Ginni Thomas received nearly $600,000 in anonymous donations 2023-03-28T04:00:00Z Department of Labor had issued a rule last December saying investment plan fiduciaries may consider climate change and other environmental, social, and governance factors in making investment decisions. House GOP fails to override Biden veto of ESG investing ban 2023-03-23T04:00:00Z President Biden issued his first veto Monday, nixing Congress’ move to roll back new Labor Department rules allowing retirement fiduciaries to engage in ESG investing that takes climate change and social justice politics into consideration. Biden delivers first presidential veto against GOP-led measure to stop ESG investing for 401(k) plan 2023-03-20T04:00:00Z Their executives and boards have the same fiduciary responsibility to properly manage customers’ deposits. Opinion | Small banks should not get different rules 2023-03-17T04:00:00Z “We believe we have a significant responsibility — as a provider of index funds, as a fiduciary, and as a member of society — to play a constructive role in the transition,” he wrote at the time. BlackRock cools ESG tone amid blowback but defends climate investing strategy 2023-03-17T04:00:00Z In this context, the Senate recently voted to overturn a Labor Department rule that permits fiduciary retirement fund managers to consider environmental, social and corporate governance, or ESG, factors in their investment decisions. Stop falling for political rhetoric 2023-03-16T04:00:00Z In 2010, he announced that he would not run for reelection after a federal judge rebuked him for breaching his fiduciary duties in an earlier stint as a bankruptcy trustee. Shasta County offers top job to secessionist leader 2023-03-16T04:00:00Z “Retirement plan fiduciaries should be able to consider any factor that maximizes financial returns for retirees across the country,” Mr. Biden said in his veto message. Biden delivers first presidential veto against GOP-led measure to stop ESG investing for 401(k) plan 2023-03-20T04:00:00Z “We focus on sustainability not because we’re environmentalists, but because we are capitalists and fiduciaries to our clients,” Fink wrote in January, in his annual open letter to CEOs. GOP blames Silicon Valley Bank’s collapse on ‘ESG’ policies. Here’s what to know. 2023-03-14T04:00:00Z She said it’s possible he was on a non-policy advisory committee, with no fiduciary or policy authority, at the local branch. Analysis | Tennessee congressman Andrew Ogles’s résumé is too good to be true 2023-03-10T05:00:00Z Businesses, however, can usually be put in the "money is everything" category and many make the argument that that's how it should be, fiduciary duty and all that. When spreading lies, does the motive matter? 2023-03-10T05:00:00Z Pension officials in Kentucky are opposing the state treasurer’s divestment demands, arguing that they would violate their fiduciary duty and mean higher fees. Troubles at Silicon Valley Bank Rock the Global Market 2023-03-10T05:00:00Z The only conclusion that taxpayers can reach is that the fiduciary duty expected of government officials and politicians is repeatedly ignored. Opinion | Funding to combat covid fraud is an admission of failure 2023-03-07T05:00:00Z The rules had “provisions that stakeholders viewed as discouraging fiduciaries from exercising shareholder rights” in corporate proxy fights, according to Mercer, the benefits consulting company. On Wall St., ‘Socially Responsible’ Is Common Sense. In Congress, It’s Political. 2023-03-04T05:00:00Z The White House and Democrats who support the policy emphasize it does not force fiduciaries to invest in ESG funds but simply gives them the option if they feel it can draw greater returns. Democrats buck party to help GOP sink Biden’s ‘retirement rip-off’ 2023-03-01T05:00:00Z "The last thing we should do is encourage fiduciaries to make decisions with a lower rate of return for purely ideological reasons," said Republican Senator Mike Braun, who introduced the measure. U.S. Senate poised to consider blocking Biden ESG investment rule 2023-03-01T05:00:00Z “It does not require any fiduciary to make investment decisions based solely on ESG factors,” the White House Office of Management and Budget said. House votes to axe Biden’s ‘woke’ 401(k) rule allowing ESG climate investing despite veto threat 2023-02-28T05:00:00Z The Kentucky Republican accused the Labor Department’s provision allowing fiduciaries to engage in environmental, social and corporate governance investing, or ESG, as a dereliction of their duty to seek the best financial returns possible. McConnell lampoons Biden’s ‘radical’ 401(k) rule as GOP seeks to scuttle new ESG provision 2023-02-28T05:00:00Z That is especially true for “fiduciaries” — those charged with making prudent decisions for others. On Wall St., ‘Socially Responsible’ Is Common Sense. In Congress, It’s Political. 2023-03-04T05:00:00Z “Any move to supplant or dilute the fiduciary duty would undercut the foundations of our economic freedom and harm the American worker.” Democrats buck party to help GOP sink Biden’s ‘retirement rip-off’ 2023-03-01T05:00:00Z Opponents warn that climate change and other political considerations warp an asset manager’s fiduciary duty to yield the highest returns on investment, most notably companies’ environmental impact, potentially imperiling retirement plans and public pensions. Fight against ‘woke’ money managers emerges as a dominant issue in American politics 2023-02-27T05:00:00Z “The rule simply makes sure that retirement plan fiduciaries must engage in a risk and return analysis of their investment decisions and recognizes that these factors can be relevant to that analysis.” House votes to axe Biden’s ‘woke’ 401(k) rule allowing ESG climate investing despite veto threat 2023-02-28T05:00:00Z The White House has already issued a veto threat and noted that the rule “is not a mandate — it does not require any fiduciary to make investment decisions based solely on ESG factors.” McConnell lampoons Biden’s ‘radical’ 401(k) rule as GOP seeks to scuttle new ESG provision 2023-02-28T05:00:00Z They accused the institutions of putting politics above their fiduciary responsibilities. Vivek Ramaswamy, presidential hopeful and anti-ESG crusader: U.S. should ‘abandon climate religion’ 2023-02-22T05:00:00Z They say ESG funds lead to less returns, higher fees and more risk, therefore subverting asset managers’ fiduciary obligation to clients. Democrats buck party to help GOP sink Biden’s ‘retirement rip-off’ 2023-03-01T05:00:00Z “These asset managers are violating their fiduciary duties by failing to maximize their returns and instead push a partisan political agenda,” Mr. Reyes told The Times. Fight against ‘woke’ money managers emerges as a dominant issue in American politics 2023-02-27T05:00:00Z Attorney John R. Lausch Jr. said of Lira and Girardi: “Attorneys who violate the trust of their clients and breach a fiduciary duty that is paramount to the practice of law must be held accountable.” Tom Girardi, disgraced former lawyer and L.A. power broker, indicted on fraud charges 2023-02-01T05:00:00Z “Attorneys who violate the trust of their clients and breach a fiduciary duty that is paramount to the practice of law must be held accountable.” Onetime high-flying lawyer Girardi indicted on client theft 2023-02-01T05:00:00Z The fact that states keep invoking their fiduciary duty in different ways begs another question. Politicians Want to Keep Money Out of E.S.G. Funds. Could It Backfire? 2023-01-30T05:00:00Z A landmark Delaware chancery court ruling this week could put a whole new rank of company officials in the legal firing line for breaches of fiduciary duties — not just the board. Elon Musk Goes to Washington 2023-01-27T05:00:00Z The attorneys general from 25 states argued that the ESG rules soon to be enacted would violate federal law, saying fiduciaries could jeopardize Americans’ retirement funds and not focus solely on maximizing returns. Red states slap Biden administration with lawsuit over climate friendly retirement fund rules 2023-01-26T05:00:00Z “Every campaign hires fiduciaries, so I’m not aware of that answer, but we will have an answer for the press regarding the amendments from yesterday.” Questions persist on source of George Santos campaign funds 2023-01-25T05:00:00Z Look for a licensed, registered fiduciary, preferably one who is fee-only, meaning they don’t make commissions by selling you financial products. Millennial Money: Rekindle fizzling financial resolutions 2023-01-24T05:00:00Z “If there is reason to believe that companies are vulnerable to climate risk or the impact of some other E.S.G. factor, fiduciaries are obligated to consider those factors.” Politicians Want to Keep Money Out of E.S.G. Funds. Could It Backfire? 2023-01-30T05:00:00Z When it comes to breaches of fiduciary duties — like so-called “duty of oversight” — Delaware courts have typically ruled that the buck stops with the board. Elon Musk Goes to Washington 2023-01-27T05:00:00Z “It has also supported the retirement savings of individuals, universities, nonprofits and others who have entrusted us as a fiduciary.” Grocery Store Merger Faces Long Road Before Approval 2023-01-23T05:00:00Z By law, an investment adviser who has a “fiduciary duty” must act in the best interest of clients. Advice | How to prepare financially in case of a debt ceiling crash 2023-01-20T05:00:00Z The legal litmus test is fiduciary duty, which means that advisers are obligated to put the client’s best interest ahead of their own. Financial Planning for Retirement: It’s More Accessible, but Be Careful 2023-01-06T05:00:00Z The big challenge here is the differences of opinion about what constitutes an asset manager’s fiduciary duty. Politicians Want to Keep Money Out of E.S.G. Funds. Could It Backfire? 2023-01-30T05:00:00Z At issue would be whether the firms met their fiduciary duties to their own investors, they said. U.S. securities regulator probes FTX investors' due diligence -sources 2023-01-05T05:00:00Z Wall Street institutions vehemently reject the criticism that they side with left-leaning environmental politics over their fiduciary responsibility. States’ $4 billion war on ESG forces big financial firms to retreat from ‘woke’ investments 2022-12-27T05:00:00Z “However, our fiduciary duty is to each of our clients. The money we manage belongs to them — not to politicians, activists, NGOs or commentators.” BlackRock’s Pitch for Socially Conscious Investing Antagonizes All Sides 2022-12-23T05:00:00Z And the fiduciary relationship comes with key legal protections. Financial Planning for Retirement: It’s More Accessible, but Be Careful 2023-01-06T05:00:00Z Louisiana, citing its fiduciary duty, has taken money away from BlackRock. Politicians Want to Keep Money Out of E.S.G. Funds. Could It Backfire? 2023-01-30T05:00:00Z He added: “That’s my job. I have a fiduciary responsibility to oversight. If I see something, I have to say something.” In D.C., a mayoral critic is on the outs. Again. 2022-12-18T05:00:00Z "Given everybody's fiduciary duty, responsibilities, you're careful for this speeding up never to come at the expense of the quality of the work being done in the background." Dealmakers face pressure to clinch M&A quickly in volatile markets 2022-12-06T05:00:00Z “But none of that creates a fiduciary duty to the public.” Supreme Court Seems Poised to Limit Public Corruption Cases 2022-11-28T05:00:00Z Should you ever wind up suing a fiduciary adviser who you think did harm, the burden is on that adviser to prove that what she or he did was in your best interest. Financial Planning for Retirement: It’s More Accessible, but Be Careful 2023-01-06T05:00:00Z North Carolina, citing its fiduciary duty, has not. Politicians Want to Keep Money Out of E.S.G. Funds. Could It Backfire? 2023-01-30T05:00:00Z It’s basically the crypto equivalent of financial fiduciary, offering segregated accounts and other security services to lock down digital assets. $740M in crypto assets recovered in FTX bankruptcy so far 2022-11-23T05:00:00Z Instead, the regulators issued a less formal advisory to plan fiduciaries — the corporate managers in charge of employee retirement options. Column: Thinking of putting crypto in your 401(k)? Think twice 2022-11-23T05:00:00Z The new rule also allows plan fiduciaries to consider ESG factors when proxy voting on behalf of shareholders. New Biden rule allows socially conscious investing by retirement plans 2022-11-22T05:00:00Z Wall Street, consumer advocates, and regulators have been wrangling for more than a decade over fiduciary standards for financial advisers. Financial Planning for Retirement: It’s More Accessible, but Be Careful 2023-01-06T05:00:00Z They argue that investors may be violating antitrust law by backing carbon reduction initiatives and have accused BlackRock, for example, of prioritizing “activism” over its fiduciary duty. Investors Cheer Leadership Shakeup at Disney 2022-11-21T05:00:00Z “The legislators have a fiduciary responsibility to the taxpayers to get the maximum amount possible. But these companies are just laughing all the way to the bank.” Cigars, Booze, Money: How a Lobbying Blitz Made Sports Betting Ubiquitous 2022-11-20T05:00:00Z ForUsAll subsequently offered to drop the case if the government agreed never to block cryptocurrency investment in retirement plans by considering it to be a violation of fiduciary standards, among other conditions. Column: Thinking of putting crypto in your 401(k)? Think twice 2022-11-23T05:00:00Z “They have a fiduciary duty to their shareholders,” he said. Big Tobacco Heralds a Healthier World While Fighting Its Arrival 2022-11-06T04:00:00Z Even worse, the “Best Interest” standard sounds a lot like a fiduciary obligation — but it’s not. Financial Planning for Retirement: It’s More Accessible, but Be Careful 2023-01-06T05:00:00Z “To be a good fiduciary, you have to consider all the risks, and the evidence is clear that climate risk is investment risk,” Blaha said. Political spat over climate risks in investments gets hotter 2022-11-01T04:00:00Z “Nobody ever questioned the principle that the attorney has a fiduciary relationship with the city council, because they are the client.” City attorney with right-wing agenda fights for survival in increasingly blue Huntington Beach 2022-10-29T04:00:00Z In September, 16 faculty, staff and students sued the school in state court, saying the trustees placed “their personal religious beliefs above their fiduciary duties to SPU and its people.” Wash. state can investigate evangelical university’s anti-LGBTQ hiring practices, judge rules 2022-10-28T04:00:00Z Under the agreement, Bishop Emeritus Richard Malone and former Auxiliary Bishop Edward Grosz are banned for life from holding any secular fiduciary role with a charity registered in New York, James said. Stricter clergy oversight part of Buffalo diocese settlement 2022-10-25T04:00:00Z These are fiduciaries who usually work independently or are affiliated with small firms. Financial Planning for Retirement: It’s More Accessible, but Be Careful 2023-01-06T05:00:00Z At times in the deposition, Caruso seemed to be walking a tightrope between his public image of empathetic reformer and his fiduciary duties as leader of a multibillion-dollar institution embroiled in high-stakes litigation. In secret testimony, Caruso was grilled about what USC knew about disgraced gynecologist 2022-10-18T04:00:00Z “The Special Committee, consistent with its fiduciary duties and in consultation with its independent financial and legal advisors, will thoroughly evaluate a potential combination with News Corp,” the companies said in statements. Murdoch moves to reunite companies that own Fox News and the Wall Street Journal 2022-10-14T04:00:00Z “Our consideration of the risks and opportunities of a transition to a low-carbon economy is in the interest of realizing the best long-term financial results for our clients and entirely consistent with our fiduciary duty.” BlackRock strikes back against Republicans who say investment firm has gone ‘woke’ for climate 2022-10-07T04:00:00Z The court said Boyle violated his fiduciary duties and laws governing nonprofits by disposing of the fraternity’s primary asset without obtaining prior approval from members. Delta Phi Epsilon official improperly benefited from foundation, judge rules 2022-10-06T04:00:00Z You can also search online directories of fiduciary advisers in your area. Financial Planning for Retirement: It’s More Accessible, but Be Careful 2023-01-06T05:00:00Z To avoid this kind of conflict, look for an advisor who pledges to act as your “fiduciary,” who will be legally obligated to put your interests first. Think retirement is out of reach? Here's what you need to know 2022-09-29T04:00:00Z District Judge Paul Friedman, who oversaw the trial, will assess damages based on jurors' separate finding that the operative, Allison Maass, intended to breach a fiduciary duty, according to the verdict form. Project Veritas loses jury verdict to Democratic consulting firm 2022-09-23T04:00:00Z “The jury effectively ruled investigative journalists owe a fiduciary duty to the subjects they are investigating and that investigative journalists may not deceive the subjects they are investigating,” said Mr. O’Keefe. Project Veritas vows to appeal after jury awards $120K to Democratic political operative 2022-09-23T04:00:00Z “Financial institutions that place their desired public policy outcomes ahead of the well-being of their investors do so in derogation of their fiduciary obligations,” they wrote. Banking C.E.O.s Face a Grilling on Capitol Hill 2022-09-21T04:00:00Z For such entities, the sole-interest, or fiduciary, rule requires trustees to maximize the fund’s bottom line. Opinion | Texas’s war against ESG investing is ingenious but futile 2022-09-19T04:00:00Z As with any investment advice, make sure you understand your robo advisor’s business model and whether it’s acting as your fiduciary. Think retirement is out of reach? Here's what you need to know 2022-09-29T04:00:00Z While Tupper isn’t opposed to personally handling the estate, he says his first choice is to hire a neutral, third-party professional fiduciary to manage it. Anne Heche's ex James Tupper disputes her son's claim to her estate 2022-09-16T04:00:00Z “The truth is, our fiduciary obligation is to the institution we serve,” he said. U-Va. expected to heed Youngkin’s plea for flat tuition with rebate 2022-09-15T04:00:00Z The 16 plaintiffs say the trustees’ stance – widely opposed on campus – is a breach of their fiduciary duties that threatens to harm SPU’s reputation, worsen enrollment difficulties and possibly jeopardize its future. Faculty, students sue Christian school over LGBTQ hiring ban 2022-09-12T04:00:00Z That hasn’t prevented conservative critics of ESG as “woke capitalism” from increasingly citing the fiduciary rule in their attacks. Opinion | Texas’s war against ESG investing is ingenious but futile 2022-09-19T04:00:00Z In her reply BlackRock's Blass also reiterated past arguments that it does not boycott energy companies, and said its participation in ESG initiatives "is entirely consistent with our fiduciary obligations" to clients. BlackRock defends work with climate groups amid Republican attacks 2022-09-07T04:00:00Z Additionally, Fruin determined that neither Jayne nor Girardi owed the plaintiffs any fiduciary duties, defined by the Cornell Law School as an obligation to “act in a way that will benefit someone else, usually financially.” 'Real Housewives' star Erika Jayne wins Tom Girardi fraud lawsuit 2022-09-01T04:00:00Z “It’s illegal in Indiana to put anything other than financial returns as your highest fiduciary duty, at least in terms of the public employee retirement system.” Indiana AG warns finance firms: considering climate, social issues with state pension is illegal 2022-09-01T04:00:00Z Texas agencies must now assess if they will divest from the listed firms, based on factors like fiduciary considerations. Analysis: BlackRock too green for Texas; rest of Wall Street okay - for now 2022-08-30T04:00:00Z Look for advisors who are fiduciaries, which means they are required to put your interests ahead of their own. Liz Weston: Why is money so confusing? 2022-08-29T04:00:00Z “That would violate your fiduciary duty, if you liquidated at massive losses for political reasons rather than for the best interests of the beneficiaries,” he said. Russia divestment promises by US states largely unfulfilled 2022-08-26T04:00:00Z The lawsuit seeks books and records concerning Levin's pay, to assess whether there were breaches of fiduciary duty related to mismanagement and waste, and whether Sculptor's board was truly independent. Billionaire Och sues former firm Sculptor over escalating CEO pay 2022-08-25T04:00:00Z In addition, ACT will move away from its previous committee structure to have all board members fully involved not only in fiduciary oversight, but also in strategic guidance and risk management. The board at Seattle’s ACT theatre has stepped down. What happens now? 2022-08-19T04:00:00Z Bell, a federal administrative law judge, has said he doesn’t interfere but works to fulfill his fiduciary responsibility as a commissioner. WSSC Water terminates IT contractor critical of billing system 2022-08-17T04:00:00Z To earn the designation, students must pass an exam and promise to adhere to a code of ethics, which includes a fiduciary standard and a ban on selling or earning commission from financial products. Where Money Meets Feelings: Financial Therapy Finds Its Footing 2022-08-13T04:00:00Z Bell, a federal administrative law judge, denied improperly interfering in personnel issues, saying he works to fulfill his fiduciary responsibility as a commissioner. Outgoing WSSC Water leader calls utility ‘organization in crisis’ 2022-08-10T04:00:00Z But under fiduciary duty to protect investors' money, "you're going to take the more conservative path." Analysis: China investors hedge U.S. delisting risk with Hong Kong play 2022-08-10T04:00:00Z But it turns out that running a publicly traded company, with its attendant fiduciary duties, analyst calls and slog of quarterly earnings, is a far cry from the hustle and thrill of start-up life. The Boy Bosses of Silicon Valley Are on Their Way Out 2022-08-10T04:00:00Z "The potential losses would not be compatible with our fiduciary duty to our clients and its sale is currently not possible due to the current situation." Gold investors face bind over bars from tarnished Russia 2022-08-01T04:00:00Z The group, she said, has retained a lawyer and is preparing to bring a lawsuit against the university for breach of fiduciary duty. Seattle Pacific University sues WA attorney general, saying probe into LGBTQ+ policies violates religious freedom 2022-07-30T04:00:00Z Before hiring a fiduciary or other financial advisers, the Consumer Financial Protection Bureau suggests checking the advisers’ backgrounds by asking for references, checking the status of their licenses, and finding information about their professional histories. The $1.28 Billion Mega Millions Jackpot and You 2022-07-29T04:00:00Z “So, yes, you have to be very thoughtful and exercise your fiduciary duties to the corporation.” Indigenous representation lacking on U.S. corporate boards 2022-07-23T04:00:00Z Last year, she prevented energy company The Williams Cos Inc from adopting a so-called poison pill anti-takeover measure, saying it breached their fiduciary duty to shareholders. Judge in Twitter v. Musk made rare ruling: ordering a deal to close 2022-07-15T04:00:00Z The more I think about it, the angrier I get about the dumb little lectures about fiduciary duty So what are Musk’s chances? Twitter aims its most powerful weapon at Elon Musk: his own tweets 2022-07-15T04:00:00Z And BlackRock — which still has 70 people doing ESG analysis and a fiduciary responsibility to vote in 1,300 index funds — will still weigh in on shareholder votes. Republicans threaten Wall Street over climate positions 2022-07-12T04:00:00Z “In this particular situation, we expect individuals at high levels of leadership in the State Bar to take that fiduciary duty both to the bar and the profession quite seriously,” Krinsky said. State Bar files disciplinary charges against former director Joe Dunn 2022-07-08T04:00:00Z Mr. Will argued that ESG investing violates fiduciary laws requiring that investments be made “for the exclusive purpose of providing benefits to” the investors. Opinion | Business profitability is not a ‘zero-sum game’ 2022-06-30T04:00:00Z “I am excited to get on with my life and career,” Michalow said in an interview, adding that hedge funds “have a fiduciary duty to tell the truth to their investors.” DE Shaw, execs must pay $52 million to ex-money manager, arbitration panel says 2022-06-30T04:00:00Z Whenever I have asked this question, I have gotten some manner of gibberish about fiduciary duty. Twitter aims its most powerful weapon at Elon Musk: his own tweets 2022-07-15T04:00:00Z Percoco argued that because he was managing Cuomo's campaign at the time, he was not employed by the state and thus did not owe a fiduciary duty to the public. U.S. Supreme Court to hear ex-Cuomo aide's appeal of bribery conviction 2022-06-30T04:00:00Z The third count alleges that when Dunn made the misleading statements as executive director of the Bar, he breached his fiduciary duties. State Bar files disciplinary charges against former director Joe Dunn 2022-07-08T04:00:00Z Enlist a fiduciary adviser to help you figure out how to protect your assets, marital and individual, in the case of illness, death, divorce or natural disaster. Perspective | Carolyn Hax: Engaged but still preparing for ‘the other shoe to drop’ 2022-06-26T04:00:00Z Stakeholder capitalism violates fiduciary laws that require those entrusted with investors’ money to employ it “solely in the interest of” and “for the exclusive purpose of providing benefits to” the investors. Opinion | Business beware, ‘stakeholder’ capitalism is parasitic progressivism 2022-06-22T04:00:00Z Man, the more I think about it, the angrier I get about the dumb little lectures about fiduciary duty. Twitter aims its most powerful weapon at Elon Musk: his own tweets 2022-07-15T04:00:00Z And I view it as fulfillment of a fiduciary obligation. The Rush to E.S.G., With or Without Elon Musk 2022-06-18T04:00:00Z The lawsuit accuses the defendants -- Musk, 11 Tesla board members and the company -- of having breached their fiduciary duty by failing to address and remedy the red flags concerning internal reports of discrimination and harassment. Tesla investor sues Musk, board over accusation of workplace discrimination 2022-06-17T04:00:00Z Chargers owner Dean Spanos has been accused of ‘misogynistic’ behavior and repeated ‘breaches of fiduciary duty’ in a petition for an existing probate case. Joey Bosa explains huge edge with Kahlil Mack lined up on other side of Chargers defense 2022-06-14T04:00:00Z One said, in effect, that only such investing fulfills fiduciary obligations because the welfare of those whose money is being used depends on “a planet that is livable.” Opinion | Business beware, ‘stakeholder’ capitalism is parasitic progressivism 2022-06-22T04:00:00Z The implication is that Mr. Franchot is personally handing over this money to Marylanders who somehow neglected to collect what they are due, as opposed to merely fulfilling his fiduciary responsibility. Opinion | A poor choice for Peter Franchot 2022-06-03T04:00:00Z There are no public records or analyses explaining how leasing state trust lands for carbon offsets complies with DNR’s fiduciary obligation to current and future generations of beneficiaries. Lack of transparency clouds management of trust lands 2022-06-03T04:00:00Z Twitter’s board initially wasn’t interested and deployed a poison pill, then thought the better of the whole thing and decided, yeah, sure, let’s sell — something, something fiduciary responsibility to shareholders. This Week in Elon: Come back to the office, you’re fired 2022-06-03T04:00:00Z “The attorneys don’t have a fiduciary duty to the Gospel,” he said. How the ‘apocalyptic’ Southern Baptist report almost didn’t happen 2022-05-27T04:00:00Z In a statement, BlackRock said it was “committed to engaging with all stakeholders to ensure they understand our investment decisions are driven by just one thing: our fiduciary duty to our clients.” How an Organized Republican Effort Punishes Companies for Climate Action 2022-05-27T04:00:00Z BlackRock's "work in this regard hardly assists us in our fiduciary duties, and in fact, runs counter to them." Sierra Club warns BlackRock it may pull $12 mln over climate stance -letter 2022-05-24T04:00:00Z “This is a problem that isn’t going to end until we can reign corporate boardrooms back in line and make sure they’re held to the fiduciary duty they were hired to uphold,” Mr. Anderson said. Corporate boards rebuff conservative shareholder activism 2022-05-20T04:00:00Z To be very transparent here, our fiduciary response always is to the creator. The videos that don’t work on YouTube and the future of the creator business with Nebula CEO Dave Wiskus 2022-05-17T04:00:00Z “And they don’t have a fiduciary duty to preserve the integrity of the church. What they have is a fiduciary duty to the corporate entity that retains them and to the preservation of that entity.” How the ‘apocalyptic’ Southern Baptist report almost didn’t happen 2022-05-27T04:00:00Z “We’re fiduciaries for our members, for the game, for our mission and for our brand,” Mr. Waugh said then. Jack Nicklaus knocks PGA for anti-Trump ‘cancel culture’: ‘He loves golf and he loves this country’ 2022-05-16T04:00:00Z Some are serious and fiduciary, like claims that he engaged in insider trading or that he violated salary rules in how he paid his chief of staff. Analysis | One of Madison Cawthorn’s liabilities: He’s too online for Congress 2022-05-05T04:00:00Z The lawsuit seeks to delay the merger's closing until at least 2025, declare that Twitter directors breached their fiduciary duties, and recoup legal fees and costs. Musk, Twitter are sued by shareholder over $44 bln takeover 2022-05-06T04:00:00Z At Twitter, Mr. Taylor weighed employee uncertainty and the societal implications of a deal versus the board’s fiduciary duty, people with knowledge of the situation said. How Twitter’s Board Went From Fighting Elon Musk to Accepting Him 2022-04-30T04:00:00Z “I’m saying the motion that says for us to violate our fiduciary duties would not be legal,” he said. How the ‘apocalyptic’ Southern Baptist report almost didn’t happen 2022-05-27T04:00:00Z And the fiduciary duty of the board of directors for a publicly traded company is to generate a return for its investors. EXPLAINER: What Twitter could do as privately held company 2022-04-27T04:00:00Z The long-running shareholder lawsuit alleged that Musk breached his fiduciary lawsuit by pursuing the SolarCity deal despite glaring conflicts of interest. Elon Musk prevails in Delaware court case on SolarCity deal 2022-04-27T04:00:00Z Politicians also recommended that the Insolvency Service should consider whether Mr Gupta has breached his fiduciary duties as a company director. Sanjeev Gupta's Liberty Steel offices raided 2022-04-27T04:00:00Z In a letter to the Labor Department this month, Fidelity said the agency hadn’t provided any guidance on how plan fiduciaries should address those concerns or fulfill their duties when considering plan investments in cryptocurrencies. Fidelity’s New 401(k) Offering Will Invest in Bitcoin 2022-04-26T04:00:00Z “We believe our solution meets all the fiduciary standards under ERISA,” the federal law that oversees retirement plans. Bitcoin in 401(k) becomes reality for more, despite warnings 2022-04-26T04:00:00Z The company, Casa Mexico, filed a civil lawsuit in December against the woman and another former executive, accusing them of breach of fiduciary duty and breach of contract. Column: Oscar De La Hoya is back on the defensive following latest sex scandal 2022-04-26T04:00:00Z But Slights ruled the acquisition was “entirely fair,” even while conceding that “Elon was more involved in the process than a conflicted fiduciary should be.” Elon Musk prevails in Delaware court case on SolarCity deal 2022-04-27T04:00:00Z In his email, Celada suggested that handing over control of the group’s IP could “call into question the legal fiduciary obligation to act in the Association’s best interest.” Golden Globes group at odds over plan to make the association a for-profit 2022-04-25T04:00:00Z “The Department of Labor is substituting its own opinion on crypto for what rightly belongs to plan sponsor fiduciaries,” said Mr. Gray, who said Fidelity’s new account addressed many of the agency’s concerns. Fidelity’s New 401(k) Offering Will Invest in Bitcoin 2022-04-26T04:00:00Z "So we're gonna be looking at ways that the state of Florida, potentially, can be holding this Twitter board of directors accountable for breaching their fiduciary duty," the governor said. "Authoritarian socialist": Democratic governor slams Ron DeSantis' Disney stunt 2022-04-22T04:00:00Z Analysts noted that Twitter’s board has a fiduciary duty to review the offers on the table, and consider if any are in the best interests of shareholders. Elon Musk signals with $46.5 billion he’s serious about buying Twitter 2022-04-21T04:00:00Z Maryland lawmakers passed a bill this session that requires a fiduciary of the State Retirement and Pension System to consider the potential systemic risks of the impact of climate change on the system’s assets. Report: Oregon has $5.3b invested in fossil fuel companies 2022-04-20T04:00:00Z Among them are disclosure requirements for would-be buyers and fiduciary obligations for the target company’s directors, whose duty is to the shareholders who elect them. Buying Twitter is complicated. Here’s what Elon Musk faces 2022-04-19T04:00:00Z “If the current Twitter board takes actions contrary to shareholder interests, they would be breaching their fiduciary duty. The liability they would thereby assume would be titanic in scale,” he wrote — ironically, on Twitter. Ron DeSantis boosts Elon Musk in Twitter takeover bid 2022-04-19T04:00:00Z They are only punishing firms, they say, for putting “woke” ideology ahead of corporate profits and their fiduciary duty to shareholders. Opinion | Corporate America somehow became the last firewall for abortion rights 2022-04-18T04:00:00Z “In this job, I’m a fiduciary to the people of Florida, and that’s what I do,” he says. Rick Scott became the Senate GOP’s election general, then went to war 2022-04-18T04:00:00Z And poison pills could also be evaded if the acquirer or the shareholders sue the company for violating its fiduciary duties. What Is a ‘Poison Pill’ Defense? 2022-04-15T04:00:00Z “If the current Twitter board takes actions contrary to shareholder interests, they would be breaching their fiduciary duty,” Musk tweeted. EXPLAINER: What Twitter’s ‘poison pill’ is supposed to do 2022-04-15T04:00:00Z At the moment, Twitter is a publicly traded company whose directors have fiduciary responsibility to shareholders and are subject to scrutiny by the Securities and Exchange Commission. Opinion | If Elon Musk wants Twitter, he’s welcome to it 2022-04-14T04:00:00Z Board membership also would task Musk with certain fiduciary responsibilities, such as requiring him to act in the best interests of the company. Elon Musk attempts hostile takeover of Twitter, calling path ‘painful’ 2022-04-14T04:00:00Z The lawsuit filed by the Florida pastor, the Rev. Charles Jackson in Orlando, alleges the church and its related financial institutions were negligent and breached their fiduciary responsibilities. Pastors sue AME Church over missing retirement funds 2022-04-12T04:00:00Z There is, for example, the highlighting of a board member’s fiduciary responsibility to shareholders, a responsibility that Musk has so far shown no interest in. How Elon Musk got everything he wanted out of Twitter 2022-04-12T04:00:00Z Parag Agrawal, Twitter’s chief executive, alluded to how Mr. Musk would have had to behave as a “fiduciary of the company” in a post on Sunday. Twitter Grapples With an Elon Musk Problem 2022-04-11T04:00:00Z In short, he’s allowed to keep complaining about Twitter on Twitter, which may have conflicted with his fiduciary duties as a board member. What is going on with Elon Musk and Twitter? 2022-04-11T04:00:00Z TPR cautioned in recent guidance, however, that pension funds have a fiduciary duty to their members - to do the best for them they can financially. Analysis: Locked Russian assets add to war woes for British pension funds 2022-03-28T04:00:00Z It seems possible, even likely, that whoever leaked the information had a legal or fiduciary duty to keep it confidential. Opinion | Mainstream media have failed to notice their own disinformation issue 2022-03-27T04:00:00Z But there will be disclaimers: “Part of what we will do as a fiduciary is explain that there is more risk,” she said. Everyone Has Crypto FOMO, but Does It Belong in Your Portfolio? 2022-03-24T04:00:00Z This can lead to concerns about the broker’s fiduciary duty — the legal requirement to act in the beneficiary’s best interests. Funding the fight: How litigation brokers help level the legal playing field | Provided by Tribeca Lawsuit Loans 2022-03-16T04:00:00Z It is separate from the smaller Harvard Corporation board, which has fiduciary responsibility. Ketanji Brown Jackson’s Harvard ties raise recusal questions in Supreme Court’s affirmative action case 2022-03-10T05:00:00Z But experts say their fiduciary responsibility to clients may prevent them from fully cutting ties, and none have provided a firm date by which they will leave. Dozens of corporations are still in Russia. It’s getting harder for them to leave. 2022-03-11T05:00:00Z Obviously we have the foundation and we have the usual fiduciary responsibility of an organization to its big shareholder. The future of computers is only $4 away, with Raspberry Pi CEO Eben Upton 2022-03-08T05:00:00Z “Unrealistic calls for immediate divestment will not divorce us from our fiduciary duty to protect the retirement income security of California state employees and teachers,” she said in a statement. California Gov. Newsom wasn't first to call for sanctions on Russia. But it was the right move 2022-03-03T05:00:00Z Endowment and pension fund managers have a fiduciary responsibility to make prudent investment choices, not political decisions such as divestment, which has no measurable impact on emissions reduction or environmental progress. Opinion | Divestment doesn’t make greener energy 2022-02-20T05:00:00Z As a public company, they have a fiduciary responsibility to their shareholders. Privatize this! How we lost control of America's public goods — and how we can get it back 2022-02-19T05:00:00Z The lawsuit says that under Massachusetts law, it is a breach of fiduciary duty and an invasion of privacy for a health care provider to disclose confidential medical information without consent. After Sexual Harassment Lawsuit, Critics Attack Harvard’s Release of Therapy Records 2022-02-15T05:00:00Z A federal judge on Thursday dismissed investors' claims of negligence and breach of fiduciary duty. Explainer: The regulatory and legal headwinds facing Robinhood 2022-01-28T05:00:00Z And he acknowledged having “a fiduciary obligation to the Rose Bowl, as does the Big Ten.” What role does the Rose Bowl play in potential College Football Playoff expansion? 2022-01-24T05:00:00Z This is vividly apparent in the petty person of Washington Spirit owner Steve Baldwin, who treated a championship team as a backbiting crony clique and apparently thinks a “fiduciary” is a birdbath. Perspective | The NWSL’s toxic dispute between a man who failed and the woman who should replace him 2022-01-20T05:00:00Z California last year approved a law providing more oversight of professional fiduciaries, allowing those under conservatorships to choose their own attorneys, and punishing financial, physical or mental abuse with fines up to $10,000. California may limit conservatorships, promote alternatives 2022-01-19T05:00:00Z “We focus on sustainability not because we’re environmentalists, but because we are capitalists and fiduciaries to our clients,” he said. BlackRock’s Larry Fink tells fellow CEOs that businesses are not ‘climate police’ 2022-01-18T05:00:00Z The man’s family, concerned about the way he was living, hired a licensed fiduciary to handle the sale with the proceeds going to pay for his continuing care, according to Wiley. ‘Worst house on best block’ of San Francisco sells for $2M 2022-01-14T05:00:00Z Most workplace retirement plans are covered under the Employee Retirement Income Security Act, which imposes a fiduciary duty on the people and companies overseeing the plans. Liz Weston: Why a 401(k)-to-IRA rollover could be a mistake 2021-12-20T05:00:00Z Commercial banks “have a fiduciary responsibility to their stockholders,” Sanders said. Bank of Washington? States consider opening government banks 2021-12-19T05:00:00Z Tesla investor David Wagner called for access to internal documents to investigate whether Tesla and Musk violated an agreement with the U.S. securities regulator and its board members failed to adhere to their fiduciary duties. Tesla faces investor lawsuit over Musk tweets on 10% stock sales 2021-12-17T05:00:00Z Read and Rosenblum cited concerns about health and safety and said the boards of directors had neglected their fiduciary duties. Oregon resists dropping investments in oil, private spying 2021-11-23T05:00:00Z Working with a fiduciary fee-only certified financial planner who can diversify your retirement portfolio with low-cost index funds is a start, Ms. Johnson said. How to Beat Retirement’s Nemesis: Inflation 2021-11-19T05:00:00Z Department of Labor is extending fiduciary coverage to IRA rollovers , recognizing that financial services providers often have a strong economic incentive to recommend them even when they’re not in an investor’s best interest. Liz Weston: Why a 401(k)-to-IRA rollover could be a mistake 2021-12-20T05:00:00Z Because of a confidentiality agreement, the university claims in its response that Lamb breached his contract and fiduciary duties to the school and has defamed the school. Liberty responds to ex-spokesman’s suit, seeks gag order 2021-11-11T05:00:00Z Choose a planner who is a fiduciary, which means they’re committed to putting your best interests first. Liz Weston: Reluctant to retire? 3 signs you’re ready 2021-11-08T05:00:00Z “We sued Boeing’s board because they failed in their fiduciary responsibility to monitor safety and protect the company,” Di Napoli said in a statement. Boeing board agrees to $237.5 million settlement of 737 MAX shareholder lawsuit 2021-11-05T04:00:00Z An attorney, certified public accountant, certified financial planner or other fiduciary may be willing to serve as a trusted person, Goyer says. Liz Weston: Money mistakes could signal dementia 2021-10-25T04:00:00Z Their message to the tourists around the White House: Come for the fuchsia glitter, stay for a lesson on fiduciary abuse. With the movement’s future uncertain, ‘Free Britney’ campaign returns to the White House 2021-10-23T04:00:00Z “If these legal concerns were keeping fiduciaries on the sidelines, it could mean worse outcomes for workers and retirees,” Mr. Walsh said in an interview. The Biden administration proposes reversing Trump-era rules on socially conscious investing. 2021-10-13T04:00:00Z Another member, Mike Keahbone of Oklahoma, countered that the committee also had a “spiritual fiduciary duty.” Southern Baptist panel to open legal records for abuse probe 2021-10-05T04:00:00Z In 2012, a Swiss fiduciary firm helped create two trusts in the British Virgin Islands, Pandora files show. Billions hidden beyond reach Requiring advisers to act as fiduciaries would be setting both a legal and an ethical standard; it would require the interests of the client to be above those of the firm or employee. Only 35% Pass Wall St.’s Toughest Test. How Much Does That Matter? 2021-09-30T04:00:00Z Rubio's bill rattles off several examples of how executives have apparently allowed "political bias" to undermine their fiduciary responsibility to shareholders. Marco Rubio wants to go after corporations — but there's a catch 2021-10-02T04:00:00Z If fiduciaries decided to vote, and the rule makes clear that isn’t required, they must only support causes and goals in the plan’s financial interest. The Biden administration proposes reversing Trump-era rules on socially conscious investing. 2021-10-13T04:00:00Z Judge Brenda J. Penny replaced him with another fiduciary, interim conservator. Attorney for Britney Spears' father calls suspension 'a loss for Britney' 2021-09-30T04:00:00Z Jamie and his team went on to claim that the court has "been provided little to no information" about Zabel, calling him "apparently a stranger to this Court" and "not a licensed fiduciary." Why Britney Spears' upcoming conservatorship hearing could be pivotal for the singer 2021-09-29T04:00:00Z “However, there are also laws that govern fiduciary responsibility and we don’t want to break those laws either.” Top Southern Baptist committee funds sex abuse probe 2021-09-21T04:00:00Z A: I think the bottleneck today is the lack of qualified managers that have a track record of being both a fiduciary to investors as well as a fiduciary to communities of neglect. Insider Q&A: Serving the neglected for profit, not just good 2021-09-20T04:00:00Z The proposal would remove that language, Labor Department officials said, and largely allow plan fiduciaries to decide when “it is or isn’t appropriate to act,” Mr. Khawar said. The Biden administration proposes reversing Trump-era rules on socially conscious investing. 2021-10-13T04:00:00Z Finally, there is an argument that options granted to insiders create an untenable conflict of interest and an abuse of fiduciary responsibility. Why Taxing Stock Buybacks Is the Wrong Fix for Executive Pay 2021-09-18T04:00:00Z “You have to look at the effective rate,” said Pam Lucina, chief fiduciary officer and head of trust and advisory services at the financial services firm Northern Trust. Proposed Tax Changes Focus on the Wealthy 2021-09-17T04:00:00Z Although I had deep moral qualms about representing some of these companies, I also had a fiduciary duty to do so. Opinion | Betraying the Victims of the Opioid Crisis 2021-09-11T04:00:00Z “Given the need to decarbonize the economy and our responsibility as fiduciaries to make long-term investment decisions that support our teaching and research mission, we do not believe such investments are prudent,” Bacow said. Harvard, America’s richest university, will divest from fossil fuels 2021-09-10T04:00:00Z “Given the need to decarbonize the economy and our responsibility as fiduciaries to make long-term investment decisions that support our teaching and research mission, we do not believe such investments are prudent,” he wrote. Harvard University will divest itself from fossil fuels 2021-09-10T04:00:00Z Such a return profile proved a difficult fit at AllianceBernstein, which catered to conservative fiduciary institutions such as pension funds and endowments. God, Money, YOLO: How Cathie Wood Found Her Flock 2021-08-22T04:00:00Z In her August 2020 filing, Britney requested that Montgomery be made permanent conservator of her person and asked that a qualified corporate fiduciary be named to manage her estate. Britney Spears' conservatorship fight is complex. This Q&A will get you up to speed 2021-08-19T04:00:00Z It also argued Powell’s other claims of breach of contract and breach of fiduciary duty misinterpret the law. Former women’s hoops player added to suit against Seton Hall 2021-08-19T04:00:00Z Many fiduciary financial planners will work with clients on an hourly or project basis. Will you need long-term care? And what’ll it cost? 2021-08-14T04:00:00Z It also argued Powell’s other claims of breach of contract and breach of fiduciary duty misinterpret the law, and that Powell misidentified Testa in the lawsuit as a medical doctor when he is not one. Seton Hall files to dismiss player’s suit over knee injury 2021-08-12T04:00:00Z The lawsuit demanding at least $10 million alleged that Falwell breached fiduciary duties to the school and entered into a business conspiracy against it. Judge upholds Liberty University’s suit against Falwell 2021-07-31T04:00:00Z Currently, he serves only in the second role, while Jodi Montgomery, a licensed personal fiduciary and care professional, is Britney Spears' conservator of the person. Why conservatorships like the one controlling Britney Spears can lead to abuse 2021-07-28T04:00:00Z The four-count civil suit charges the defendants with negligence, breach of contract and breach of fiduciary duty causing severe and permanent injury including physical pain, emotional distress and monetary damages. Guard Myles Powell sues Seton Hall, staff for bad diagnosis 2021-07-15T04:00:00Z It agreed to several reforms including subjecting rollover recommendations to a strict fiduciary standard, and eliminating financial incentives for selling managed accounts. TIAA unit in $97 million retirement investment settlement with US, NY regulators 2021-07-13T04:00:00Z The long-running shareholder lawsuit asserts that Musk, who was SolarCity’s largest stakeholder and its chairman, and other Tesla directors breached their fiduciary duties in bowing to Musk’s wishes and agreeing to buy the company. Musk clashes again with opposing lawyer in SolarCity lawsuit 2021-07-13T04:00:00Z States should not allow associations, essentially fiduciaries, to sidestep the fact that each resident is “consuming” part of a facility’s useful life every month. Opinion | Empower or require condo boards to fund reserve studies 2021-07-12T04:00:00Z Seven shareholder lawsuits, consolidated into one, alleged that Tesla directors breached their fiduciary duties in bowing to Musk’s wishes and agreeing to buy the struggling company. Musk under fire again: CEO to testify over Tesla acquisition 2021-07-11T04:00:00Z The groups’ planners also work as fiduciaries, which means they are required to put their clients’ interests first. The Gift of Financial Education for the New Grad in Your Life 2021-07-09T04:00:00Z Mr. Spears currently oversees the singer’s finances, alongside a corporate fiduciary that Ms. Spears requested join the arrangement last year. Britney Spears’s Father Calls for Inquiry Into Singer’s Control Claims 2021-06-30T04:00:00Z The trial, which began Monday, marks the culmination of seven shareholder lawsuits, consolidated into one, that alleged that Tesla directors breached their fiduciary duties in bowing to Musk’s wishes and agreeing to buy SolarCity. Musk clashes again with opposing lawyer in SolarCity lawsuit 2021-07-13T04:00:00Z "Ms. Montgomery is a licensed private professional fiduciary who, unlike family members who serve as conservators, is required to follow a Code of Ethics," the statement reads. Britney Spears' conservator slams Jamie Spears' claims she blocked star's personal care, medical freedom 2021-06-30T04:00:00Z “There is a false choice between whether the police department should be reformed and whether or not I should execute my fiduciary duties,” she said. While vowing police reform, a majority-Black county has spent $17.6 million fighting officers who allege racism 2021-06-28T04:00:00Z If an adviser does not promise to act as a fiduciary, find another who will. The Gift of Financial Education for the New Grad in Your Life 2021-07-09T04:00:00Z Her day-to-day activities, meanwhile, are under the control of professional fiduciary Jodi Montgomery, who was appointed her conservator when her father temporarily stepped down as such in 2019 due to health concerns. Britney Spears calls for an end to her conservatorship 2021-06-23T04:00:00Z This echoed criticism from Mr Chapman, who quit two days earlier saying he had "not received the support or financial information to carry out the fiduciary duties of National Treasurer". Sturgeon has 'no concern' over SNP finances despite row 2021-06-03T04:00:00Z You need to know the risk and that’s a fiduciary duty too,” she added. Analysis: Planned global tax raid catches ethical investor zeitgeist 2021-06-02T04:00:00Z “Climate change is a financial risk, and as fiduciaries we need to ensure that boards are not just independent and diverse, but climate-competent.” A bad day for Big Oil 2021-05-26T04:00:00Z Canadian pensions face pressure to balance a mandate to be environmentally responsible with their fiduciary duty to maximise returns. Canada's top pension funds boost investments in high-carbon oil sands 2021-05-26T04:00:00Z “Poor leadership and weak financial performance are not a recipe for success in the public markets. Stockholders deserve a Board that is committed to honoring its fiduciary duties and focusing on value creation.” The founder of lidar maker Velodyne is going to war with his own SPAC 2021-05-25T04:00:00Z Inside the Met, ultimate fiduciary duty is theirs. Review: How will the Met respond to a changed world? If only this PBS doc would ask 2021-05-20T04:00:00Z Kodak views legal precedents as requiring a breach of fiduciary duty to prove insider trading, which can’t exist without intent or knowledge of wrongdoing on the trader’s part. Eastman Kodak says New York preparing insider-trading lawsuit 2021-05-17T04:00:00Z The judge wrote that the lawyers’ actions raised concerns that the group couldn’t fulfill its fiduciary duty, which he said might lead him to appoint a trustee to oversee it. EXPLAINER: With bankruptcy tossed, what’s next for the NRA? 2021-05-12T04:00:00Z Acting as fiduciaries of the pensions, the three administrators moved hundreds of millions of dollars of the employees’ savings into two Alden-controlled funds between 2013 and 2015, according to the decision. The hedge fund set to buy Tribune Publishing mismanaged employees’ pensions, federal investigators found 2021-04-23T04:00:00Z Great Western countersued, alleging mismanagement, breach of fiduciary duty and negligence. How a scrappy Chicano from L.A. came to own a Scottish castle 2021-04-19T04:00:00Z Further, the suit alleged: “Falwell Jr.'s actions in breaching the fiduciary duty he owed to Liberty were willful and wanton and disregarded the rights of Liberty.” Liberty University sues ex-president Jerry Falwell Jr., alleging breach of contract and cover-up of scandal 2021-04-16T04:00:00Z The suit, which was filed on Thursday and asks for more than $40 million in damages, alleges breach of contract and fiduciary duty. Liberty University Sues Jerry Falwell Jr., Alleging Deception 2021-04-16T04:00:00Z The outlet reported that the civil suit alleges Falwell committed a breach of contract, breach of fiduciary duty and statutory conspiracy. Liberty University sues Jerry Falwell Jr. over sex scandal, seeks millions in damages 2021-04-16T04:00:00Z The fiduciaries liquidated the pension plans’ holdings in the two Alden funds. The hedge fund set to buy Tribune Publishing mismanaged employees’ pensions, federal investigators found 2021-04-23T04:00:00Z It alleges breach of contract, breach of fiduciary duty and statutory conspiracy. Liberty sues Jerry Falwell Jr., seeking millions in damages 2021-04-16T04:00:00Z Online brokerage Robinhood on Thursday sued to invalidate Massachusetts' recently-adopted fiduciary rule and block state regulators from proceeding with charges it encourages inexperienced investors to place risky trades without limits. Robinhood sues to invalidate Massachusetts fiduciary rule | Reuters Consider working with a fee-only, fiduciary financial planner or a financial coach for help with identifying your own goals and path. How to fill in your financial blind spots 2021-04-14T04:00:00Z Swann wrote that: “The relationship between attorney and client is the most sacred of fiduciary relationships,” one not shared by investors, whose interests might conflict with the client. Arizona court: Non-lawyers allowed to invest in law firms 2021-04-11T04:00:00Z Fee-only means they do not receive commissions on what they recommend, and fiduciary means they are obligated to act in your best interest. Investing Made Simple for Beginners and Everyone Else 2021-04-08T04:00:00Z The extension applies to individual, pass-through, fiduciary and corporate income tax returns. Maryland extends state tax deadline to July 15 2021-03-12T05:00:00Z Robinhood in a lawsuit filed in state court in Boston said the fiduciary standard of conduct for broker-dealers that Massachusetts Secretary of State Bill Galvin's office adopted last year violates state and federal law. Robinhood sues to invalidate Massachusetts fiduciary rule | Reuters “It’s time for AstraZeneca’s Board to exercise its fiduciary responsibility and now do what it takes to fulfil AZ’s commitments,” Breton added. AstraZeneca further cuts target for supply to EU in first quarter to 30 million vaccines: document 2021-03-12T05:00:00Z "At that time, Britney requested in court papers that her father be the sole conservator of her estate. Her Conservatorship of the Person is not managed by her father but by a private professional fiduciary." Britney Spears' father fires back at Reps. Matt Gaetz, Jim Jordan calling for hearing into conservatorships 2021-03-10T05:00:00Z She has requested that her father, Jamie Spears, be removed as conservator and replaced by an independent fiduciary. Britney Spears: congressmen demand hearing on use of conservatorships 2021-03-10T05:00:00Z The suit, which is attempting to override Airbnb’s arbitration terms, accuses the company of breaching its contract and fiduciary duty and violating consumer protection laws. Airbnb Is Driving Hosts Elsewhere With Costly Pandemic Policies 2021-02-21T05:00:00Z The case is the first enforcement action brought under a state fiduciary rule adopted in September that raised the investment-advice standard for brokers. Robinhood sues to invalidate Massachusetts fiduciary rule | Reuters Massachusetts requires financial firms to act as fiduciaries, which simply means they need to put a client’s interest first and foremost. Finance apps with ‘gamification’ can increase risk 2021-02-14T05:00:00Z Shareholders, he said, were “right to question whether internal communications among Facebook fiduciaries might shed light on the Board’s thinking in this regard.” Facebook may have vastly overpaid in data privacy settlement: court filing 2021-02-11T05:00:00Z In addition, our bidding laws lack a basic statement that all governmental entities are required as fiduciaries to ensure that taxpayers get the best quality at the lowest price. Editorial Roundup: Mississippi 2021-02-10T05:00:00Z Erlichman told the newspaper Wednesday that diversion is probably appropriate considering the mayor did not commit an act of violence, pilfer public funds or abrogate her fiduciary duties. Kansas mayor accused of perjury gets diversion agreement 2021-02-03T05:00:00Z “As the proliferation of the asset class grows, it is of huge importance to consider it within the estate planning context,” said Tom Olchon, a wealth and fiduciary adviser at Evercore Wealth Management. As Bitcoin’s Price Surges, Affluent Investors Start to Take a Look 2021-01-29T05:00:00Z He’s here, in augmented reality, to talk to us about money, seeking to raise questions about our own fiduciary responsibility — or lack thereof. Why Sundance's interactive New Frontier works are right for this COVID-19 moment 2021-01-28T05:00:00Z The board’s approval carries a condition that the accounting department ensure in a written agreement that the authority is not burdened with oversight and fiduciary responsibility for the project’s bills. Hawaii agency seeks $10M to avoid halt to Aloha Stadium work 2021-01-12T05:00:00Z Or consult a fiduciary adviser, such as a certified financial planner, accredited financial counselor or accredited financial coach. Liz Weston: 4 financial ‘experts’ who could steer you wrong 2021-01-11T05:00:00Z They are under fiduciary obligation to seek maximum profits for the shareholders. Will the Dems sell us out in the midst of a pandemic? 2020-12-23T05:00:00Z “The board of directors has a fiduciary duty to maximize profits.” Special Report-How oil majors shift billions in profits to island tax havens 2020-12-09T05:00:00Z The document, filed in a state court in California, accused Netflix of unfair competition, intentional interference with an employee contract as well as aiding and abetting breach of fiduciary duty. Activision sues Netflix over poaching of former finance chief 2020-12-04T05:00:00Z The lawsuit brought by the Employees' Retirement System of Rhode Island also accuses Silbermann of “abdicating his fiduciary duties” by allegedly ignoring discrimination. Analysis | The Technology 202: ACLU sues DHS over purchase of cellphone location data used to track immigrants 2020-12-02T05:00:00Z If you need help with how to invest it, consult a fiduciary adviser. Liz Weston: 4 financial ‘experts’ who could steer you wrong 2021-01-11T05:00:00Z She said the insurance company has a separate legal, contractual and fiduciary duty to C.P. and others in the health plans it administers, to comply with anti-discrimination law. Lawsuit: Transgender teen’s health insurance violated ACA 2020-12-02T05:00:00Z The suit claims Pinterest executives and board members breached their fiduciary duty by failing to respond to allegations of workplace discrimination. Pinterest shareholders sue over ‘toxic’ work culture 2020-12-01T05:00:00Z The bank also provides a broad range of investment strategies to its fiduciary clients through a variety of investment vehicles. JPMorgan Chase to pay $250 million for failings in asset, wealth business 2020-11-24T05:00:00Z The lawsuit seeks restitution and to bar them from serving in a fiduciary role in any nonprofit or charitable organization in New York state. New York state sues Buffalo diocese over priest misconduct 2020-11-23T05:00:00Z “We are trying to open the gates and help as many people as we can, while also maintaining our fiduciary responsibility,” Marquez said. As communities suffer, local officials struggle to disburse federal aid. Now, a deadline looms. 2020-11-15T05:00:00Z She then requested that her temporary conservator of her person, Jodi Montgomery, be placed in a permanent role, and that a corporate fiduciary, Bessemer Trust Co., be appointed to manage her estate. Britney Spears is 'afraid of her father,' scores small victory in conservatorship case 2020-11-11T05:00:00Z Many life insurers were also concerned a Biden administration would revive the “fiduciary rule” adopted by the Obama administration’s Department of Labor in 2016 to curb conflicts of interest among providers of financial advice. Threat of crackdown on U.S. insurers fades as political 'Blue Wave' sputters 2020-11-04T05:00:00Z An SEC spokesperson said its rules enhance transparency and the “fiduciary duties and disclosure obligations owed to shareholders” without materially changing their ability to access proxy advice or get proposals on the ballot. Analysis: Sustainable investing advocates hope for friendlier U.S. rules if Biden wins 2020-11-02T05:00:00Z “When we’re in the middle of a legal review, which again is our fiduciary responsibility as a city to do this, it’s not appropriate to be commenting on the people involved,” the Democrat mayor said. NYC mayor mum on review of proposed Mets sale to Steve Cohen 2020-10-29T04:00:00Z The investments would be managed by investment professionals with the State Investment Board, which is bound by the highest fiduciary and prudent investment standards. State lawmakers agree on one thing: Vote yes on long-term health care measure 2020-10-18T04:00:00Z Many reflect upon financial issues, asserting that “the BMA did not sufficiently exercise its fiduciary duty in valuation of the work and seeking competition to maximize the sale proceeds.” Searing letter demands a halt to the sale of Baltimore Museum of Art paintings 2020-10-15T04:00:00Z The group led by Mr. Biggs, Arizona Republican and chairman of the House Freedom Caucus, asked Mr. Trump on Wednesday to use executive powers to reign in the VA’s fiduciary policy. Arizona’s Biggs leads House GOP group calling for changes to VA gun restrictions 2020-10-14T04:00:00Z “In compliance with the regulations and the protocol, the team entered into fiduciary isolation this evening,” Juventus said in a statement on Wednesday. US midfielder McKinnie is second Juventus player to test positive for Covid-19 2020-10-14T04:00:00Z “Cristiano Ronaldo returned to Italy with a medical flight authorised by the competent health authorities at the request of the player and will continue his fiduciary isolation at his home,” Juventus said in a statement. Cristiano Ronaldo returns to Italy to finish isolating 2020-10-14T04:00:00Z It alleges fraud, conspiracy and violations of fiduciary duties. President Trump’s niece sues him, other relatives, alleging they cheated her out of millions in inheritance 2020-09-24T04:00:00Z Rehoboth hospital is supported in part by taxpayers through a property tax mil levy that provides about $2.5 million a year, giving the county fiduciary responsibility. Audit probes New Mexico hospital that was overrun by virus 2020-09-15T04:00:00Z According to the VA’s website, when a beneficiary is determined to be unfit to manage their financial affairs, a fiduciary is appointed to help manage those benefits from the department. Arizona’s Biggs leads House GOP group calling for changes to VA gun restrictions 2020-10-14T04:00:00Z Now, at the Labor Department, Mr. Scalia is moving rapidly to change the rules for retirement accounts and to impose new regulations that would be weaker than those intended by the original fiduciary rule. Even the Threat of a Tougher Rule on Financial Advice Has Helped Investors 2020-09-11T04:00:00Z But some governance specialists say such deals can raise concern about conflicts of interest or potential breaches of fiduciary duty. How Jerry Falwell Jr mixed his personal finances with his university's 2020-09-04T04:00:00Z He added that Spears is “strongly opposed” to her father remaining the sole conservator of her person and estate and requested that a corporate fiduciary, Bessemer Trust Company, be appointed to manage her estate. Britney Spears champions #FreeBritney, 'vehemently opposed' to dad sealing case 2020-09-03T04:00:00Z If it is proved that Mr. LaPierre and the other three executives violated their fiduciary duties, Ms. James is right in wanting them to make restitution and be banned from any nonprofit boards. Opinion | How did Caribbean yacht vacations promote the Second Amendment? We may find out in court. 2020-08-07T04:00:00Z In Germany, wasting corporate funds is legally a breach of fiduciary duty. German court opens proceedings against VW over excessive labour pay 2020-07-28T04:00:00Z Amid all of these regulatory battles, you may think that investor protection under the fiduciary rule is a lost cause. Even the Threat of a Tougher Rule on Financial Advice Has Helped Investors 2020-09-11T04:00:00Z Yet because it’s not a fiduciary standard, there’s no legal standing to stop a greedy adviser from selling products you don’t want. SEC’s new ‘best interest’ rule won’t really protect you 2020-07-25T04:00:00Z “We believe this and other preemptive steps are the responsible actions of fiduciaries,” given likely future impacts of COVID-19, the firm said in a statement. Investment consultants who advise on trillions scored taxpayer loans 2020-07-20T04:00:00Z The “best interest” rule sounds similar to the traditional gold-standard obligation that certain other financial professionals must meet: fiduciary duty, which typically means working solely in the interest of the client. Financial Brokers Must Now Act in Your ‘Best Interest.’ What Does That Mean? 2020-07-16T04:00:00Z Two former Volkswagen management board members as well as the current and former manager in charge of personnel are being probed for potential breach of their fiduciary duties, the Braunschweig court said in a statement. German court opens proceedings against VW over excessive labour pay 2020-07-28T04:00:00Z In other words, a high-commission variable annuity is the kind of investment that a fiduciary — someone who puts a client’s interest above their own — might not recommend. Even the Threat of a Tougher Rule on Financial Advice Has Helped Investors 2020-09-11T04:00:00Z And because the adviser isn’t a fiduciary, forget about suing a broker who wrongs you. SEC’s new ‘best interest’ rule won’t really protect you 2020-07-25T04:00:00Z Under the Employee Retirement Income Security Act, the federal law governing retirement plans, your employer has a fiduciary obligation to prudently find the lowest-cost plan provider. At a Time of Financial Stress, 401(k) Fees Matter More Than Ever 2020-07-11T04:00:00Z In the complementary action, the Department of Labor proposed regulations concerning how financial professionals acting as fiduciaries must conduct themselves when handling their customers’ retirement accounts. Financial Brokers Must Now Act in Your ‘Best Interest.’ What Does That Mean? 2020-07-16T04:00:00Z The department extended the original April and May due dates for individual, corporation, fiduciary and partnership income taxes because of the coronavirus pandemic. Louisiana state tax deadline is Wednesday 2020-07-12T04:00:00Z From 2015 to 2016, a year in which the proposed fiduciary rule was in the news, many financial services companies began revising practices that might run afoul of it. Even the Threat of a Tougher Rule on Financial Advice Has Helped Investors 2020-09-11T04:00:00Z The Vermont filing deadline for personal income tax, corporate income tax and fiduciary income tax is Wednesday. Vermont Tax Department: many tax filings due Wednesday 2020-07-11T04:00:00Z “It hasn’t been done by fiduciaries in any broad way, in part due to concerns about exposure for litigation.” Labor Dept. Seeks to Restrict Social Goals in Retirement Investing 2020-06-24T04:00:00Z Under federal law, fiduciaries are generally prohibited from accepting payments that would pose conflicts of interest. Financial Brokers Must Now Act in Your ‘Best Interest.’ What Does That Mean? 2020-07-16T04:00:00Z What do you see as your role as a director on the board of Live Nation, beyond the basic fiduciary duties? LeBron James’s Business Partner Now Wants to Get Out the Vote 2020-06-19T04:00:00Z “Based on our structural model estimates, investor welfare improved as a result of the fiduciary rule under conservative assumptions,” the paper concluded. Even the Threat of a Tougher Rule on Financial Advice Has Helped Investors 2020-09-11T04:00:00Z The lawsuit seeks damages for negligence, breach of fiduciary duty, and breach of contract, and a declaration that the teams and the leagues are vicariously liable for abuse perpetrated by their employees and players. Carcillo leading lawsuit against Canadian Hockey League 2020-06-18T04:00:00Z “Following today’s news we will continue to fulfill our fiduciary duty to investors: we are analyzing the situation and are considering legal action,” it said. Wirecard investor DWS says has sold down position, considering legal action 2020-06-18T04:00:00Z But the proposal package also confirmed that fewer investment professionals are required to act as fiduciaries when handling their clients’ retirement money, according to retirement law attorneys. Financial Brokers Must Now Act in Your ‘Best Interest.’ What Does That Mean? 2020-07-16T04:00:00Z It aims to take a fiduciary approach and not an ideological one, he said, especially given the wide range of views among its clients. Exclusive: Vanguard names names and backs some calls for climate steps 2020-06-18T04:00:00Z The administration’s lawsuit alleges that Bolton, if the book is published next week, will be in breach of his nondisclosure agreements and fiduciary duties to the United States. Opinion | Why Trump’s lawsuit against John Bolton will fail 2020-06-17T04:00:00Z Lexi Walker, a 47-year-old professional fiduciary who lives near Greenville, South Carolina, has felt anxious and depressed for long stretches of this year. Poll: Americans are the unhappiest they’ve been in 50 years 2020-06-16T04:00:00Z It contains explicit clauses giving Torzi operative and strategic power to manage and develop the property as the Vatican’s fiduciary, with reference to his 1,000 voting shares. Vatican frees broker as details emerge of costly London deal 2020-06-15T04:00:00Z Overturning the Obama-era rule restored a large part of the Employee Retirement Income Security Act of 1974, which governs when an investment professional must become a fiduciary while handling retirement money. Financial Brokers Must Now Act in Your ‘Best Interest.’ What Does That Mean? 2020-07-16T04:00:00Z The group’s members — banks, insurers, hedge funds and other financial entities — say debt forgiveness is complicated by their fiduciary duties to their clients. Poor Countries Face a Debt Crisis ‘Unlike Anything We Have Seen’ 2020-06-01T04:00:00Z At least one Tesla stockholder, Richard Tornetta, claims that Musk's compensation is excessive and is suing the company by alleging that the board breached its fiduciary duty by awarding it to him. Billionaire CEO Elon Musk gets a nine-figure payout as economy sputters 2020-05-29T04:00:00Z Instead, the complaint focuses on federal securities law, arguing that Facebook’s failure to tell shareholders about the extent of illegal activity on its platform is a violation of its fiduciary duty. Whistleblowers say Facebook has not warned investors about illegal activity, in new SEC complaint 2020-05-27T04:00:00Z The fiduciary obligations of advisers and brokers to act in your best interest were weakened with the demise of the Department of Labor’s fiduciary rule in 2018. Lost Your Job but Still Have a 401(k)? Here’s What to Do With It 2020-05-10T04:00:00Z Under that law, fiduciary duty is triggered when an investment professional meets five conditions, including providing individual advice on a regular basis. Financial Brokers Must Now Act in Your ‘Best Interest.’ What Does That Mean? 2020-07-16T04:00:00Z “Participants want investment options that pass the fiduciary responsibility test — not any political test,” said Jacqueline Simon, policy director for the American Federation of Government Employees, the largest union representing federal workers. Trump eyes federal retirement plan investments as part of showdown with China over coronavirus 2020-05-08T04:00:00Z “The Board determined that accepting the loan was appropriate and fully consistent with its fiduciary responsibilities, as well as our Quaker values,” Sidwell board members wrote in a letter to the school community. Despite pushback, Sidwell and other D.C.-area prep schools are keeping their small-business loans 2020-05-05T04:00:00Z “My fiduciary responsibility is to operate the business normally,” Messick said. How Ironman Triathlons Plan to Endure 2020-04-29T04:00:00Z “The Board determined that accepting the loan was appropriate and fully consistent with its fiduciary responsibilities, as well as our Quaker values,” the letter said. Elite private schools are taking federal loans — including one attended by Secretary Mnuchin's kids 2020-04-30T04:00:00Z Santa Fe County Commissioner Henry Roybal, chairman of the agency, said board members “felt it was our fiduciary responsibility to try to close this chapter.” Agency wants $8K reimbursement from lawmaker, ex-leader 2020-04-29T04:00:00Z In the run-up to Tuesday’s event, leading shareholder advisory firm ISS backed a motion to support the actions of the management and supervisory board, seeing no evidence that fiduciary duties were breached in 2019. Bayer faces second investor reckoning over glyphosate litigation 2020-04-28T04:00:00Z The Jeffersonian sent the eviction notices to protect the owners’ rights and to “fulfill fiduciary responsibilities” to lenders, said Arie Leibovitz, a principal in ownership of the complex just northeast of downtown. Apartment complex: Eviction notices did not circumvent order 2020-04-17T04:00:00Z The complaint said Howard was also accused of not disclosing his fiduciary position at another nonprofit, The Academy of Progress Inc., where he also served as CEO from 2016 to 2019. Ethics commission accuses Fulton DA of disclosure violations 2020-04-15T04:00:00Z Start by asking this question: “Will you act as a fiduciary?” Your Money and the Coronavirus: You Asked, Experts Answered 2020-03-13T04:00:00Z This, combined with relative opacity — the loans are negotiated in private or purchased through intermediary platforms — mean there is more room for abuse of fiduciary duties to investors, market analysts said. Exclusive: U.S. SEC steps up scrutiny of private debt 'financial games' 2020-03-11T04:00:00Z Find a certified financial planner who promises to serve as a fiduciary, which means the planner will put your interests ahead of their own. Retiring Into a Shaky Market? Think Long Term Anyway 2020-03-07T05:00:00Z “But when people leave these directions to their fiduciaries, do they understand the full extent of their duties and the fiduciary liability?” The Flaw in Warren Buffett’s Estate Plan 2020-02-28T05:00:00Z County Board of Supervisors, would be well advised to remember this and fulfill their fiduciary responsibilities. Southern Californians have strong feelings about LACMA's teardown plan 2020-02-28T05:00:00Z The pros most likely to serve as fiduciaries are certified financial planners, who are also registered advisers. Your Money and the Coronavirus: You Asked, Experts Answered 2020-03-13T04:00:00Z “The board’s fiduciary duty is to maintain the building to the benefit of everyone,” she said. Why are my condo fees so high? 2020-02-19T05:00:00Z The lawsuit contends the town and the school board were negligent, created a public nuisance and breached their fiduciary duty. Student sues school system over trauma reminders 2020-02-20T05:00:00Z The lawyers showed that the trustee had not performed the regular due diligence of a fiduciary. The Flaw in Warren Buffett’s Estate Plan 2020-02-28T05:00:00Z A similar letter from the MCA to a broader range of investors, sent in January and seen by Reuters, removed the reference to fiduciary duties. Fires and climate fears rattle Australia's giant coal lobby 2020-02-19T05:00:00Z “Thus, as part of its fiduciary role on behalf of the shareholders, the board voted to take action that it believes will be upheld in court,” the statement said. Former CEO sues Braidy Industries over his ouster 2020-02-18T05:00:00Z To increase your chances of finding someone like that, ask if they are acting as a fiduciary. The Young Person’s Guide to Investing 2020-02-10T05:00:00Z One way to do this would be to create information fiduciaries that would hold individuals' information. Corporations shouldn't be allowed to own your personal data at all 2020-02-15T05:00:00Z That judgment was overturned on appeal, but the Dumont case is still discussed among the risks that trustees face in not properly performing their fiduciary duty. The Flaw in Warren Buffett’s Estate Plan 2020-02-28T05:00:00Z The lawsuit seeks damages of $4 million negligence and breach of fiduciary duty. Casino developer sues Illinois gaming board over data breach 2020-02-12T05:00:00Z It’s about the fact that the presidency is a fiduciary position, the ultimate public trust. Opinion | Trump is right. We might have to impeach him again. 2020-02-10T05:00:00Z The pros most likely to be fiduciaries are “certified financial planners” who are also “registered investment advisers.” The Young Person’s Guide to Investing 2020-02-10T05:00:00Z The fiduciary would organize the information by tiers or levels. Corporations shouldn't be allowed to own your personal data at all 2020-02-15T05:00:00Z “With individuals, there’s no more where that came from. And attorneys general are vigilant overseers of charitable funds. The best advice is: Be vigilant about performing your fiduciary duty.” The Flaw in Warren Buffett’s Estate Plan 2020-02-28T05:00:00Z “The Board made this decision to prioritize the well-being of students, faculty, and staff and fulfill its fiduciary obligations,” Concordia said in a statement. Concordia University in Oregon to close this year 2020-02-10T05:00:00Z Tesla shareholders have alleged Musk breached his fiduciary duties, squandered Tesla’s assets and unjustly enriched himself by pushing to buy the money-losing solar company in which he was the biggest investor. Tesla directors settle, isolating Musk as SolarCity trial looms 2020-01-30T05:00:00Z “There’s something like a fiduciary duty to the nation. That duty is really more than just, ‘Don’t break the law.'” Crime required for impeachment? Not so, say legal experts 2020-01-22T05:00:00Z With the explicit permission of that person, the bank would get access to his or her information from their information fiduciary. Corporations shouldn't be allowed to own your personal data at all 2020-02-15T05:00:00Z But in a statement late Sunday, Kaeser said that “there is practically no legally and economically responsible way to unwind the contract without neglecting fiduciary duties.” Germany’s Siemens to fulfill Australia coal mine contract 2020-01-13T05:00:00Z These colleagues are supposed to act as fiduciaries when the federal regulations are in play, choosing funds only after a careful process that puts employees’ interests first. How to Get Socially Conscious Funds Into Your 401(k) 2020-01-10T05:00:00Z “The fiduciary responsibility is to optimize profits, and that’s a dilemma,” says Jacobs. Can mission-driven food companies scale up without selling out? 2020-01-05T05:00:00Z “Our job was to comply with the Endangered Species Act, but not go so far that we violate our fiduciary responsibility” to counties and schools. What is the future of Washington state’s forests? Endangered marbled murrelet seabird caught in fight 2019-12-30T05:00:00Z Instead, it would be required to obtain a search warrant to look at the information stored with the fiduciary. Corporations shouldn't be allowed to own your personal data at all 2020-02-15T05:00:00Z Vara says this is “entirely contrary to the Debtor’s fiduciary duty of maintaining open and honest disclosure with the Court and creditors in this case.” DOJ intervenes in Faraday Future founder’s bankruptcy after "dishonest behavior" 2019-12-18T05:00:00Z All of this reluctance relates to that fiduciary duty requirement. How to Get Socially Conscious Funds Into Your 401(k) 2020-01-10T05:00:00Z On Tuesday, Ms. Auer Jones told reporters that the new methodology strikes the proper balance between fairness for students and the government’s fiduciary responsibility to taxpayers. Revised loan forgiveness program to exclude students of now-defunct for-profit schools 2019-12-11T05:00:00Z However, the company was able to avoid claims it breached any fiduciary duties. Bill Nye allowed to take Disney to trial over profits from 'Science Guy' show 2019-12-05T05:00:00Z Instead of a ban, Harris argues for extending the fiduciary duty of doctors, lawyers, and other professions to include Internet companies, legally binding them to act exclusively in accordance with their clients’ well-being. Big Tech’s Big Defector 2019-11-25T05:00:00Z Harmon says the financial statement audit of the Kentucky Teachers’ Retirement Systems shows that its fiduciary net position increased by some $600 million. Audit reviews Kentucky Teachers’ Retirement Systems 2019-11-19T05:00:00Z New York Supreme Court Justice Saliann Scarpulla said Thursday that Trump “breached his fiduciary duty” by using the charitable foundation for his campaign and business. After admitting to misusing charity money in court, President Trump claims that he is the victim 2019-11-08T05:00:00Z Mr. Trump owed fiduciary duties to the Foundation,’ Scarpulla wrote in the order, meaning duties to safeguard the foundation’s money. Hipsters, Henry, hogs and how to lose an election 2019-11-08T05:00:00Z In a proposed class action filed this week in San Francisco Superior Court, former WeWork employee Natalie Sojka accused the company’s board of directors of breaching its fiduciary duties to minority shareholders like her. WeWork, ex-CEO Neumann, Softbank sued over botched IPO, plummeting value 2019-11-08T05:00:00Z “Mr. Trump breached his fiduciary duty to the Foundation.” Trump ordered to pay $2 million to charities over misuse of foundation, court documents say 2019-11-07T05:00:00Z Mr Trump "breached his fiduciary duty" by allowing funds raised for US veterans to be used for the Iowa primary election in 2016, she said in the settlement. Judge orders Trump to pay $2m for charity misuse 2019-11-07T05:00:00Z “I commend him for being a fiduciary and actually caring about how much we pay to support our allies relative to others,” Mr. Arrington said. Republicans Try Different Response to Ukraine Call: Quid Pro Quo Isn’t Impeachable 2019-11-04T05:00:00Z ‘Mr. Trump breached his fiduciary duty to the Foundation.’ Hipsters, Henry, hogs and how to lose an election 2019-11-08T05:00:00Z In stealing the wages, Trump violated his duty of loyalty, also known as fiduciary duty, to the workers and to a union. How Trump will try to derail impeachment 2019-11-04T05:00:00Z “Mr. Trump owed fiduciary duties to the Foundation,” Scarpulla wrote in the order, meaning duties to safeguard the foundation’s money. Trump ordered to pay $2 million to charities over misuse of foundation, court documents say 2019-11-07T05:00:00Z Still, it was their fiduciary duty to maximize the value of the company, Mr. Sussberg said, which meant “keeping jobs and stores open, viable, available for employees, for landlords, for trade vendors.” Barneys Is Sold for Scrap, Ending an Era 2019-11-01T04:00:00Z If you want an expert’s perspective, turn to a fiduciary fee-only financial advisor. Millennial Money: Don’t let anxiety rule your finances 2019-10-29T04:00:00Z The report also concluded that both Kiesel and Paradis repeatedly “violated their ethical and fiduciary duties” to the city of Los Angeles. Reeling from DWP scandal, L.A. City Atty. Feuer tightens oversight of outside contracts 2019-10-25T04:00:00Z Of course, Facebook’s fiduciary duty rests with its shareholders, not with the public. The Problem of Political Advertising on Social Media 2019-10-24T04:00:00Z Facebook seems to concede that it — like broadcasters — exercises gatekeeping control over attention, advertising dollars, and political debate, and therefore has a fiduciary responsibility of some kind. Why social networks keep tripping over their own content moderation policies 2019-10-16T04:00:00Z A spokesman for the fund said it was working closely with external money managers “related to the issue in order to meet all regulatory and fiduciary requirements.” U.S. pension funds took positions in blacklisted Chinese surveillance company 2019-10-15T04:00:00Z “We just wanted him to make a good-faith effort. I was just fulfilling my fiduciary duty to try to collect for my investors.” How a Legal Battle in the Digital Age Can Go Terribly Wrong 2019-10-11T04:00:00Z Oberlin College Board of Trustees Chairman Chris Canavan was quoted in the release as saying the decision to appeal is “grounded in the board’s fiduciary responsibility to the College’s long-term financial health.” Oberlin to appeal $31.5 million jury award over protests against Gibson’s Bakery 2019-10-09T04:00:00Z Under federal law, plan sponsors have a fiduciary obligation to employees to put the economic interests of participants ahead of other considerations when making decisions about retirement benefits. Bit by Bit, Socially Conscious Investors Are Influencing 401(k)’s 2019-09-27T04:00:00Z It includes the allegation she used her position of trust or fiduciary responsibility to commit the crime. Woman accused of embezzling over 100K from equestrian club 2019-09-28T04:00:00Z Regardless, though, leaders of both parties have the same fiduciary responsibility to serve the public trust, the very trust that Mr. Trump has repeatedly betrayed. Opinion | How do you solve a problem like Donald Trump? 2019-09-27T04:00:00Z Wherever he was, whatever his title, the president has used the powers at his disposal to enrich or otherwise benefit himself, regardless of what law, fiduciary duty or oath of office bound him to do. Opinion | What drives Donald Trump? Greed, and greed alone. 2019-09-26T04:00:00Z The lawsuit alleges that Musk and Tesla’s board of directors breached their fiduciary duties to the company and its stockholders, granting unjust enrichment to Musk and wasting corporate assets. Judge refuses to toss lawsuit challenging Musk pay package 2019-09-23T04:00:00Z Simply put, the framers viewed the president as a fiduciary, the government of the United States as a sacred trust and the people of the United States as the beneficiaries of that trust. Opinion | Trump has done plenty to warrant impeachment. But the Ukraine allegations are over the top. 2019-09-20T04:00:00Z As a result, the board must now defend against allegations that it breached its fiduciary duty in approving the package, and that the package unfairly enriches Tesla’s CEO. Delaware judge says Telsa board must face trial over Musk's mega-pay package 2019-09-20T04:00:00Z “We have a fiduciary duty that needs to be urgently addressed, with you and if you wish, Mr. Brewer,” the three wrote in their letter, the contents of which were described to The Post. How a hard-charging lawyer helped fuel a civil war inside the NRA 2019-09-18T04:00:00Z As such, the department considers the book a breach of Snowden’s fiduciary obligations, and names the publishers as co-defendants in the suit. The US government is suing Edward Snowden for his book profits 2019-09-17T04:00:00Z In a ruling Friday, the judge refused to dismiss the breach of fiduciary duty claims against Tesla and Musk, and an unjust enrichment claim against Musk. Judge refuses to toss lawsuit challenging Musk pay package 2019-09-23T04:00:00Z He added, “Our obligation as an asset manager and a fiduciary is to manage our clients’ assets consistent with their investment priorities.” Money Is the Oxygen on Which the Fire of Global Warming Burns 2019-09-17T04:00:00Z Last year, lobby groups successfully sued to overturn the similar fiduciary standard proposed by the Labor Department. Seven U.S. states, District of Columbia sue to block SEC rule change 2019-09-09T04:00:00Z “The truth is, a handful of faithless fiduciaries tried to ‘purge’ the NRA of its elected leadership by extorting Wayne LaPierre,” he said. How a hard-charging lawyer helped fuel a civil war inside the NRA 2019-09-18T04:00:00Z Late last month, the Guild filed a sweeping complaint in federal court accusing the three biggest agencies with fraud, price-fixing, restraint of trade, racketeering and violating their fiduciary duty to clients. Perspective | Big agencies and studios have a lock on Hollywood. It’s high time to apply antitrust law. 2019-09-06T04:00:00Z An earlier proposal to have the city of Annapolis serve the fiduciary role fell apart, delaying the project, officials acknowledged. New federal ‘Strike Force’ will target Baltimore drug gangs 2019-09-04T04:00:00Z And these directors in turn owe fiduciary duties of care and loyalty to the corporation and its stockholders — no one else. Companies don’t need permission from the Business Roundtable to be better corporate citizens 2019-09-02T04:00:00Z Falwell has “tried to be a business mentor” to Crosswhite, the university statement said, but that effort did not “cause him to abandon his fiduciary duties” to Liberty. Exclusive: Falwell steered Liberty University land deal benefiting... 2019-08-27T04:00:00Z Hendrix of Logan pleaded guilty last month to unlawful dealing with property by a fiduciary and unlawful acquisition of a financial card without consent. Utah woman sentenced for stealing more than $100K 2019-08-22T04:00:00Z In a statement, the CVM said it is investigating whether the company’s management fulfilled its “fiduciary duties” to shareholders related to the disaster. Brazil's securities regulator CVM opens investigation into Vale... 2019-08-19T04:00:00Z But before I could get my answer out, my 21-year-old son shouted, “What is the fiduciary rule?” Millennials — it’s not too early for you to start investing now - The Washington Post 2019-08-15T04:00:00Z "In the US there is this question mark about how you should be dealing with environmental, social and corporate governance as a fiduciary duty. That is not helpful," says Ms Pfeifer. Can big investors save the world? 2019-08-17T04:00:00Z “To shut off that market for soft political reasons would probably come close to a breach of fiduciary duty.” Teachers, firefighters from California to New Jersey seek Chinese tech riches 2019-08-07T04:00:00Z The city and others also breached their fiduciary duties to Jones, according to the claim, “unjustly enriching themselves” at his expense. L.A. hit with another legal claim in DWP case, with claims of 'wrongful acts and omissions' 2019-07-31T04:00:00Z Well before you actually retire, though, you should consider consulting with a fee-only, fiduciary financial planner for a second opinion on your retirement plans. This son’s failure to launch is hurting his parent’s finances 2019-07-14T04:00:00Z He said the report was misleading and that CSU shouldn’t be faulted for honoring its “fiduciary responsibilities to manage the university and ensure continued operation in the face of economic uncertainty.” California Editorial Rdp 2019-06-26T04:00:00Z There is much to be said for the fiduciary standard of care for investors, meaning that those in the business of selling investment advice and services put their customers’ interests first. SEC’s new ‘best interest’ rule is just a guideline, and not best for investors 2019-06-24T04:00:00Z Pension and endowment fund managers may recognize such investments could become politically unacceptable, but they also have a fiduciary responsibility to pursue lucrative returns for their clients. Teachers, firefighters from California to New Jersey seek Chinese tech riches 2019-08-07T04:00:00Z The filing lists damages of over $25,000 and includes accusations of unjust enrichment, breach of fiduciary duty, emotional distress and more. L.A. hit with another legal claim in DWP case, with claims of 'wrongful acts and omissions' 2019-07-31T04:00:00Z In the meantime, Brown suggests finding an adviser affiliated with industry organizations like his own, or consider a certified financial planner who adheres to the fiduciary standard. What’s in your ‘best interest’? 2019-06-24T04:00:00Z But in the filings the NRA implicated Mr. Cox — described in court papers as “another errant NRA fiduciary” — as a participant, along with Mr. North, in an alleged “conspiracy” to get rid of Mr. LaPierre. NRA suspends Chris Cox, top lobbyist 2019-06-20T04:00:00Z Registered Investment Advisors, or buy-side asset managers, must meet the fiduciary standard mentioned above. SEC’s new ‘best interest’ rule is just a guideline, and not best for investors 2019-06-24T04:00:00Z The Tribune Litigation Trust, which represents the unsecured creditors, filed a fraudulent conveyance lawsuit to recover losses, alleging the leveraged buyout was a breach of fiduciary duties by “virtually every participant” in the transaction. Ten years after Tribune Co. 'deal from hell,' Sam Zell and other former execs agree to pay $200M to settle leveraged buyout lawsuit 2019-06-14T04:00:00Z Protections for clients under the new rule are not as stringent as those imposed on investment advisers, which have a “fiduciary” duty, meaning they have to put their clients’ interests above their own. Editorials from around Pennsylvania 2019-06-12T04:00:00Z “The diocesan defendants purportedly violated their corresponding fiduciary duty to warn her about Father Bodziak’s past as a child predator,” Kunselman wrote. New court ruling may help older clergy abuse claims proceed 2019-06-12T04:00:00Z In addition to the mass firing, the Writers Guild has sued Hollywood’s four biggest agencies, claiming that packaging fees are a violation of an agency’s fiduciary duty to its clients. Hollywood Writers Attempt Life Without Agents 2019-06-06T04:00:00Z My thesis is that the investors who dealt with fiduciaries suffered much less from these events, and some of the investing public began to notice that. SEC’s new ‘best interest’ rule is just a guideline, and not best for investors 2019-06-24T04:00:00Z Barbara Roper, director of investor protection at the Consumer Federation of America, said the agency was taking the weakest possible interpretation of the fiduciary standard. S.E.C. Adopts New Broker Rules That Consumer Advocates Say Are Toothless 2019-06-05T04:00:00Z “And if he’s giving investment advice, he should have a fiduciary duty to his client — nothing less.’ SEC says securities brokers must act in clients’ interest. Is it an improvement? 2019-06-05T04:00:00Z Writers allege that packaging fees violate state fiduciary law, which requires agents to represent clients with undivided loyalty. As writers battle their agents, finding a judge becomes a challenge 2019-06-05T04:00:00Z The vote caps a 10-year battle over regulation of the investment advice industry which last year saw lobby groups successfully sue to overturn a similar Barack Obama-era fiduciary standard proposed by the Department of Labor. SEC poised to adopt rules aimed at preventing broker conflicts,... 2019-06-05T04:00:00Z Nevada, for example, requires brokers to function as fiduciaries; Massachusetts is preparing its own fiduciary rule; and New Jersey is setting its own investment-advice standards. SEC’s new ‘best interest’ rule is just a guideline, and not best for investors 2019-06-24T04:00:00Z The stricter fiduciary duty rule required all financial professionals - not just registered investment advisers - to act as trustees obligated to put their clients’ interests before their own. SEC moving to require brokers to reveal conflicts for advice 2019-06-05T04:00:00Z Fleming added that the new broker requirements are “a step in the right direction,” but they were undermined by the SEC’s revised interpretation of the fiduciary obligation for investment advisors. SEC says securities brokers must act in clients’ interest. Is it an improvement? 2019-06-05T04:00:00Z The stricter fiduciary duty rule required all financial professionals — not just registered investment advisers — to act as trustees obligated to put their clients’ interests before their own. SEC moving to require brokers to reveal conflicts for advice 2019-06-05T04:00:00Z |
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