BlackRock’s iShares Sued Over ETF Securities Lending: Reports
Posted on February 04, 2013 at 08:30 AM EST
A pair of U.S. pension funds have sued BlackRock (NYSE: BLK), alleging the company’s iShares ETF business improperly kept revenue from securities lending, according to media reports. The suit also alleges the firm breached its fiduciary duties. “The pension plans seek to recover funds...