Schneider, Wallace, Cottrell, Konecky, Wotkyns Llp
Recent News About Schneider, Wallace, Cottrell, Konecky, Wotkyns Llp
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$4.25M deal ends litigation vs Northern Trust over 'hundreds of millions' in losses for public pensions
A Chicago federal judge has signed off on a $4.25 million settlement to end years of litigation between financial investment firm Northern Trust Co. and a host of public worker retirement plans in Chicago and elsewhere in the U.S. over claims Northern Trust’s allegedly risky investment decisions had led to hundreds of millions of dollars in losses for the retirement programs when markets crashed at the onset of the Great Recession.