Council pension scheme prepares for European legal action

One of the UK's largest local government pension schemes is searching for a European class action lawyer, foreseeing a rise in lawsuits as shareholders take companies to task.

The £3bn (€3.45bn) Lothian Pension Fund, which manages the assets for Edinburgh City Council and two other regional authorities, issued a request for tenders to European law firms to act on its behalf.

WSJ Logo
JPMorgan Is Revamping Its Bank for the Superrich to Cater to Global ClienteleExternal link

JPMorgan Is Revamping Its Bank for the Superrich to Cater to Global Clientele