Manager of SEPTA funds is indicted

Article Abstract:

The president and chief investment officer of Albriond Capital Management, which manages SEPTA's pension funds, was indicted by a U.S. grand jury for 11 counts of fraud, bribery and other charges. Alan B. Bond, who oversees over $600 million in investments, was accused of allegedly taking over $6.9 million in kickbacks to finance a lavish lifestyle.

Pension Fund Management, Pension funds, Financial management, Albriond Capital Management Inc.

---

Unisys retirees' suit will be heard

Article Abstract:

The article discusses the ruling by a federal appeals court in Philadelphia which said that thousands of Unisys Corp. retirees and their spouses have the right to a trial on their claim that the company reneged on a promise to provide them with lifetime medical benefits.

Electronic computers, Electronic Computer Manufacturing, Computers & Auxiliary Equip, Pennsylvania, Unisys Corp., UIS

---

Similar abstracts:

• Abstracts: PGW staggers beneath its debt. Indicted PGW aide surrenders. New hike proposed for Phila. gas users
• Abstracts: Tasty Baking outlet opens as firm adds new products. Armstrong unit files bankruptcy protection plea. Flooring firm fails on debt deadline
• Abstracts: Commerce is branching out. PSDS investors still on hold with U.S. suit. American Business reports $5 million loss
• Abstracts: Hercules to buy BetzDearborn in $3.1 billion deal. Merck will buy genomics company. Hewlett to buy software company
• Abstracts: Phila. ad campaign reaches out to gays, minorities. Traffic.com to receive $45 million in funding. Marketing Philadelphia area as tech center

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.