Insurance Policy

(credit: CARL DE SOUZA/AFP/Getty Images)

Lawsuit Over Michael Jackson Insurance Settled

A lawsuit over the payout of a $17.5 million policy related to Michael Jackson’s planned comeback concerts has been settled, attorneys told a judge on Wednesday.

01/15/2014

A sign stands in front of California Public Employees' Retirement System building July 21, 2009 in Sacramento, California. CalPERS, the state's public employees retirement fund, reported a loss of 23.4%, its largest annual loss. (credit: Max Whittaker/Getty Images)

Lawsuit Alleges Over 100,000 Retirees Misled Over Rate Hike By CalPERS

A class action lawsuit filed Tuesday accuses CalPERS of intentionally misleading over 100,000 retirees over the past 18 years by selling them long-term insurance that turned out to be insufficiently funded and under duress for a decade.

08/06/2013

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