Both firms, and many more, have been sued by employees in class action lawsuits over the PRT deals made with insurance ...

Related: Corporations are chugging ahead on deals to offload pension liabilities. Lawsuits aren't slowing them down.

A lawsuit against Lockheed Martin over pension risk transfers it conducted with Athene will continue, whereas a similar lawsuit against Alcoa Corp. was dismissed.

Defense Secretary Pete Hegseth boasts he’s nixing contracts and grants amid DOGE’s cost-cutting campaign. But those trims won ...

The U.S. Air Force is debating whether to cancel a series of current and future contracts for the Space Development Agency ...

Backed by a 2023 ruling by the U.S. Supreme Court overturning affirmative action in college admissions, the administration is taking the baton from a growing number of conservative groups and ...

“Put simply,” he concluded, “because Plaintiffs never allege that Athene is substantially likely to fail — just that it is at a greater risk of failure than its competitors — they have failed to ...

Base-t, the global leader in cloud software for the Aerospace and Defense industry, today announced the release of Solumina i120, the latest version of its industry-leading Solumina Manufacturing ...

Sam Altman’s OpenAI has closed a new $40 billion fundraising deal that almost doubles the firm’s valuation and cements it as ...

In the first of several pension risk transfer (PRT) suits to come to trial, plan fiduciaries have prevailed. In the first of several pension risk transfer (PRT) suits [1] to come to trial, plan ...