Bristol-Myers Squibb, State Street Targeted in Lawsuit Over PRT
The pharmaceutical company and investment manager are the latest to be accused of selecting Athene as its annuity provider in...
Tag: Athene
AT&T Seeks Dismissal From Two Lawsuits Targeting PRT Deal with Athene
The telecommunications company argued that allegations that it failed in its fiduciary duties are misplaced and should fall to its...
Alcoa Corp. Faces Lawsuit Over PRT Deal with Athene
This is the third case that law firm Schlichter Bogard LLP has brought against a company following a pension risk...
AT&T Faces 2nd Lawsuit Over PRT Deal; Utility Motion to Dismiss Rejected
In two separate cases, AT&T is once again a target for a pension risk transfer it conducted with Athene, and...
FirstEnergy Completes $700M Pension Risk Transfer
Meanwhile, a new lawsuit was filed against Lockheed Martin over two PRT deals involving Athene Annuity and Life Company from...
AT&T Sued Over 2023 Pension Risk Transfer with Athene Annuity and Life
Retirees alleged that AT&T shifted its pension responsibilities for 96,000 participants to a ‘risky’ insurance company, according to the lawsuit.
Pension Risk Transfers Continue to Skyrocket in Q1
PRT sales have broken records yet again, as the market grew another $6.3 billion in the first quarter of this...