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Raytheon Technologies Corporation Pension Administration and Investment Committee v. Allianz Global Investors U.S. LLC
Case Number:
1:21-cv-03116
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February 28, 2022
Raytheon Workers, Allianz Reach Deal Over COVID Losses
Raytheon Technologies workers said Monday they have reached an agreement with Allianz Global Investors to settle their lawsuit accusing the asset manager of torpedoing their savings by making risky bets when the COVID-19 pandemic hit, causing their pension fund to lose $280 million.
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April 12, 2021
Raytheon Workers Latest To Sue Allianz Over COVID Losses
Raytheon Technologies workers hit Allianz Global Investors on Friday with the latest lawsuit accusing the behemoth asset manager of torpedoing their savings by making risky bets when the coronavirus pandemic hit, causing U.S. pension funds to collectively lose roughly $4 billion.