Daniel Sutter Journalist Profile

Articles

BDO Gets Accused of Inflating Revenue Ahead of the ESOP Again, This Time in a Class Action Lawsuit

Jan 22, 2025 | cohenmilstein.com | Caroline Bressman |Daniel Sutter |Ryan Wheeler |Michelle Yau

We knew it was only a matter of time before someone filed a class action lawsuit against BDO USA for all that ESOP stuff. Pretty much ever since the secret partner meeting happened back in 2023 we’ve heard from countless current and former partners saying “Gee I wish someone would sue the shit out of BDO” (paraphrasing) for everything related to BDO’s deal with Apollo and the ESOP.
Dr. Daniel Sutter: Examining the roots of America’s anger with the healthcare system

Jan 3, 2025 | yellowhammernews.com | Daniel Sutter

The murder of United Healthcare CEO Brian Thompson and subsequent arrest of Luigi Mangione have provoked wide-ranging reactions. Sympathy for Mr. Thompson’s family and condemnation of a cold-blooded murder are normal, human responses. Elevating Mr. Mangione to folk hero status is disturbing and invites exploration of the anger toward American healthcare. The murder of Mr. Thompson for being a healthcare executive evidences the rot afflicting America’s elite universities.
Dr. Daniel Sutter: Will the DOGE save Uncle Sam from bankruptcy?

Dec 24, 2024 | yellowhammernews.com | Daniel Sutter

Billionaires Elon Musk and Vivek Ramaswamy will lead President Trump’s Department of Government Efficiency (DOGE). Will the DOGE find the promised $2 trillion in wasteful spending to cut? Eliminating “wasteful” spending may prove harder than expected. Federal spending is seriously out of kilter. The fiscal year 2024 deficit was $1.8 trillion despite the nation at peace and not in a recession. Such deficits will continue without change and worsen during slumps or conflicts.
Dr. Daniel Sutter: Who’s afraid of democracy?

Nov 18, 2024 | yellowhammernews.com | Daniel Sutter

Each side in the recent presidential campaign accused the other of not only promoting ill-advised policies but threatening democracy. While perhaps just campaign hyperbole, let’s consider who might oppose democracy based on their views and values. Losing candidates to start. They may contend that voters failed to fully comprehend the issues at stake. But because people incur significant personal costs running for office, I do not mind if they deflect blame.
Dr. Daniel Sutter: Government subsidies and affordable housing

Oct 8, 2024 | yellowhammernews.com | Daniel Sutter

Vice President Harris’ campaign has proposed $25,000 in government downpayment assistance to help Americans afford homes. Many economists, however, have criticized this. Why might government cash not help families buy homes? Housing has certainly become less affordable. The National Association of Realtors’ affordability index hit an all-time low in 2022 and got worse in 2023. The index evaluates whether a median family income can afford the median priced home.
Citgo Will Increase Pensions $10M To End Mortality Table Suit

Oct 4, 2024 | cohenmilstein.com | Eleanor Frisch |Carol V. Gilden |Kai Richter |Daniel Sutter

Citgo will increase the value of pensioners’ retirements by $10 million to settle a class action alleging it shorted early retirement payouts by basing the allowances on outdated mortality tables that used data from the 1970s, according to filings in Illinois federal court. Citgo Petroleum Corp. retirees entered a motion for preliminary approval Wednesday in the Employee Retirement Income Security Act suit.
Court Preliminarily Approves Citgo “Marriage Penalty” Class Action Settlement

Oct 4, 2024 | cohenmilstein.com | Eleanor Frisch |Kai Richter |Daniel Sutter |Ryan Wheeler

Settlement provides $10 million in increased pension payments for Citgo retirees. Plaintiffs claimed Citgo used outdated mortality tables to underpay class members in violation of ERISA. CHICAGO – Today, a federal judge granted preliminary approval of a proposed class action settlement that provides $10 million in increased pension benefits to more than 1,700 participants and beneficiaries in two of Citgo Petroleum Corporation’s pension plans.
Dr. Daniel Sutter: A good start in preserving American values in Alabama

Sep 29, 2024 | 1819news.com | Daniel Sutter

There were two notable accomplishments of the Alabama Legislature in 2024: the Creating Hope and Opportunity for Our Students’ Education (CHOOSE) Act, which established school choice, and SB129, eliminating Diversity, Equity and Inclusion (DEI) programs. Each measure took on an important interest group: the Alabama Education Association and the state’s universities. Much work remains to preserve traditional American values in Alabama, but school choice is a true game changer.
Hedge Fund Inks $7.9M Deal In ERISA 401(k) Investment Suit

Sep 28, 2024 | cohenmilstein.com | Caroline Bressman |Jacob Schutz |Daniel Sutter |Michelle Yau

A Connecticut-based hedge fund that went bankrupt and owner George A. Weiss have agreed to pay $7.9 million to end an ex-worker’s suit alleging the company plowed its employees’ retirement savings into two substandard proprietary funds, according to filings Friday in Connecticut federal court. The proposed class of participants in a 401(k) plan for employees of George Weiss Associates Inc.
Citgo Settles Retirees’ Suit Over Outdated Mortality Data

Sep 18, 2024 | cohenmilstein.com | Eleanor Frisch |Kai Richter |Daniel Sutter |Ryan Wheeler

Citgo struck a deal to settle a class action alleging it shorted retirees in early retirement payouts by basing the allowances on outdated mortality tables that used data from the 1970s, according to a joint notice filed in Illinois federal court. Citgo Petroleum Corp.