Hive Truncate Table Partition, Planets Orbital Period 165 Years, Articles A

Apollo Global Management is suing two former employees of its affiliate Athene Holding over their role in helping set up a rival insurance business. Apollo also said that the conflicts committee of its board has approved changes that would result in a simpler, more transparent corporate structure that is expected to be put in place by January 2022. Gain a global perspective on the US and go beyond with curated news and analysis from 600 An Illinois pension fund has dropped a lawsuit accusing Apollo of charging "extravagantly expensive" fees to Athene, the life run-off acquirer that it founded. Apollo Completes Merger with Athene and Finalizes Key Governance (212) 822-0491 The order purports to bar a US-based Athene shareholder, Central Laborers' Pension Fund, from pursuing a lawsuit that accuses Apollo of "looting" the insurance company by charging. A hearing on Apollos and Athenes effort to dismiss Calderas lawsuit has not been scheduled. You can still enjoy your subscription until the end of your current billing period. Bermuda court issues temporary injunction to block Apollo, Athene lawsuit Leon Black is proving once again he's not someone to cross. Apollo buying Athene in $11B deal; COVID-19 class action allowed to As the Federal Reserve's May meeting approaches, Apollo Global Management (APO) co-founder and CEO Marc Rowan isn't worried if the tight liquidity environment sticks around. It also owns retirement reinsurer Athene, which offers a range of annuity products and accounts for about 40% of Apollo's AUM. We support credit card, debit card and PayPal payments. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. The lawsuit filed in New York on Friday is the latest salvo in a long-running dispute between the private equity firm led by Leon Black and Imran Siddiqui, a former Apollo executive. Any changes made can be done at any time and will become effective at the end of the trial period, allowing you to retain full access for 4 weeks, even if you downgrade or cancel.