WebAug 2, 2024 · Olaf Storbeck in Frankfurt. August 2 2024. Allianz is warning that an escalating legal dispute over actions taken by some of its investment funds in the US during the early days of the pandemic ... WebSep 17, 2024 · Blue Cross Blue Shield alleges that Allianz had started to deviate from its strategy in an effort to “juice” returns without notifying its investors. According to the lawsuit, Allianz charged...
Allianz Takes $4 Billion Legal Hit Over Investment-Fund Losses
WebAug 1, 2024 · Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance … WebAug 1, 2024 · Subsequent to the litigation pending in U.S. courts in relation to the Structured Alpha Funds against Allianz Global Investors U.S. LLC and other Allianz Group companies and the investigation launched by the U.S. Securities and Exchange Commission (“SEC”) in 2024, the U.S. Department of Justice (“DOJ”) has begun an investigation … partnership moving expenses
U.S. pension funds sue Allianz after $4 billion in ... - Reuters
WebSep 10, 2024 · The Arkansas lawsuit also cites options positions data for the U.S. Equity 250 fund on Feb. 29, 2024 showing it would be exposed to losses in the event of fall in … WebJan 30, 2024 · According to the lawsuit, Allianz violated the law protecting workers’ retirement funds by engaging in self-dealing. The plaintiffs said that Allianz used 401(k) assets for their own financial benefit. Now, Allianz will pay $12 million into a benefit fund for plan participants as part of the ERISA settlement. The $12 million will be allocated ... WebMay 17, 2024 · By Tom Sims, Alexander Hübner and Jonathan Stempel. NEW YORK/MUNICH (Reuters) -Germany's Allianz SE agreed to pay more than $6 billion and its U.S. asset management unit pleaded guilty to ... partnership mou template