Abstracts - faqs.org

Abstracts

News, opinion and commentary

Search abstracts:
Abstracts » News, opinion and commentary

Former exec sues NY life, says insurer manipulated pensions

Article Abstract:

Former New York Life Insurance Co Vice Pres James Mehling has filed suit against the company for allegedly manipulating its pension and 401(k) plans to fund its own line of mutual funds, and thus collect million of dollars in excess fees and expenses. Mehling also filed charges against the company for illegally firing him to prevent him from divulging the alleged scheme. In response to the charges, the company expressed their strong belief that these will be proven unfounded by the court.

Author: Dugas, Christine
Publisher: USA Today
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2000
New York Life Insurance Co.

User Contributions:

Comment about this article or add new information about this topic:

CAPTCHA


Scandal outrage keeps growing: Crackdown on funds, execs just starting, SEC says

Article Abstract:

Regulators at senate hearings for the widening trading scandal as well as shady sales practices ruined the mutual fund industry. New charges surfaced against former Prudential Securities employees, the head of Putnam Investments being forced out and a Securities and Exchange Commission official's resignation.

Author: Fogarty, Thomas A., Waggoner, John, Dugas, Christine
Publisher: USA Today
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2003
Management investment, open-end, Company legal issue, Investigations, Discipline, Powers and duties, Mutual fund industry, United States. Securities and Exchange Commission

User Contributions:

Comment about this article or add new information about this topic:

CAPTCHA


Insurance giant AIG buys SunAmerica for $16.5B

Article Abstract:

American International Group will acquire the Los Angeles, CA-based SunAmerica in a stock deal valued at $16.5 billion. The purchase will provide American International with US market access via SunAmerica's over 9,400 registered representatives. The New York-headquartered American International has operations in 130 countries as a retailer of commercial property, casualty and life insurance. SunAmerica, which specializes in retirement and investment products, will run as an independent company under the present management.

Comment:

Will acquire the Los Angeles, CA-based SunAmerica in a stock deal valued at $16.5 billion

Author: Dugas, Christine
Publisher: USA Today
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 1998
Asset sales & divestitures, Acquisitions & mergers, Life insurance, American International Group Inc., SunAmerica Inc., Article

User Contributions:

Comment about this article or add new information about this topic:

CAPTCHA


Subjects list: United States
Similar abstracts:
  • Abstracts: Lucent and Alcatel said to be reassessing terms of possible merger. Lucent in talks to buy small optical systems company
  • Abstracts: FCC to appeal ruling allowing sale of phone customers' info. FCC shoots down long-distance deal
  • Abstracts: Load vs. no-load funds: it's a question of paying for advice. New investments challenge mutual funds
  • Abstracts: Adding new fees, raising old ones sent credit card profits soaring. Justice Department takes on credit cards next
  • Abstracts: Xerox hopes a bold, colorful campaign will make consumers think of its printers for home use. Young & Rubicam holds onto a MetLife account amid a flurry of change and consolidation
This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.
Some parts © 2025 Advameg, Inc.