The next day, the Merrill Lynch fund filed to sell 165,625 shares valued at around $3 million.
Activist pension funds occasionally use derivative suits to compel corporate governance changes — for example, a Massachusetts pension fund filed a derivative suit against Hewlett-Packard in 2010.
On Jan . 22 with the stock at $12.38, the Merrill Lynch fund filed to sell another 157,598 shares of Metawave with probable proceeds of $2 million.
In January, a group of minority investors that includes Dell Computer and the T. Rowe Price Science and Technology mutual fund filed a $1 billion lawsuit against Idealab Inc., the once-heralded venture incubator.
A state judge temporarily halted the program after the Mexican American Legal Defense and Educational Fund filed a lawsuit claiming the review was unconstitutional.
On May 14th LightSquared, a wireless venture 96%-owned by Harbinger Capital Partners, his fund, filed for bankruptcy.Mr Falcone made his billions betting against subprime mortgages; in 2007, his fund was up by around 115%.
Chevron also now faces scrutiny by the Securities and Exchange Commission after Trillium Asset Management, a Boston-based sustainable and responsible investment fund, filed a request this week to review the company's shareholder disclosures on the magnitude of its financial and operational risk.
The registration statement that the Police Survivors' Fund filed with the state said it was intended to "aid financially the surviving members of a family where the parent police officer has been killed".
THE nation's biggest pension fund filed suit against the New York Stock Exchange and its seven specialist firms yesterday, claiming that the exchange's trading system has defrauded investors of many millions of dollars.
The pension fund filed a lawsuit against A.I.G.'s directors in December 2002 in Delaware Chancery Court, saying that through C.V. Starr and Starr International, A.I.G. had engaged in self-dealing involving hundreds of millions of dollars.
