Month: June 2021

EXCLUSIVE Private equity bet on troubled Caribbean refinery blows up on retirement funds

Installations of the Limetree Bay petroleum refinery are seen in St Croix, U.S. Virgin Islands June 28, 2017. REUTERS/Alvin Baez/File Photo U.S. private equity firm Arclight Capital Partners LLC, which invests the retirement savings of Maine teachers, NFL football players and Mayo Clinic doctors, lost hundreds of millions of dollars betting on a troubled Caribbean …

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Up to 14% of GovGuam employees retirement eligible

About 13% to 14% of government of Guam employees are currently eligible for retirement, Director Edward Birn of the Department of Administration told lawmakers during the agency’s budget hearing on Wednesday. Sen. Tina Muña Barnes brought up the concern over the approaching number of retirees during the hearing, citing the need to preserve institutional knowledge …

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U.S. Bancorp Defeats Class Certification in Minnesota Fed. Court ERISA Case

Juan C. Obregon is an Associate in the New Orleans, Louisiana, office of Jackson Lewis P.C. Mr. Obregon’s primary practice focus includes the defense of ERISA plans and plan fiduciaries at both public and private companies, multi-employer plans and plan fiduciaries, and financial institutions providing services to ERISA plans.  He is a member of the …

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