IL for www.theindianalawyer.comAn Indiana judge is set to hear arguments in a lawsuit filed by former Subway pitchman Jared Fogle’s ex-wife alleging that the company knew of Fogle’s sexual interest in children but continued promoting him as its spokesman.Kathleen McLaughlin and Fogle divorced in 2015 after the Indiana man pleaded guilty to trading in child pornography and paying for sex with underage girls. He’s serving a 15-year sentence.Attorneys on both sides will be in court Tuesday for a hearing on Subway’s request that McLaughlin’s lawsuit be dismissed. McLaughlin alleges Subway received at least three reports indicating Fogle was sexually interested in children but failed to take proper action and continued promoting him as its spokesman.The 40-year-old Fogle became Subway’s spokesman after losing 200 pounds, partly by eating Subway sandwiches. FacebookTwitterCopy LinkEmail
Denmark’s statutory pension fund giant ATP has selected BNY Mellon as its new global custodian, replacing the current mandate holder Northern Trust.The appointment follows a public tender process the pension fund started in December last year.BNY Mellon said it had been appointed by ATP, which runs Denmark’s labour market supplementary pension scheme, to provide custody, trade support and collateral management services for the pension providers’ $100bn (€89bn) of assets.Kenneth Hallum Knudsen, senior vice president of business support at ATP, said: “ATP wants strong and competitive partners, which is why – from several competent bids – we have chosen BNY Mellon as global custodian based on both quality, services and price. “With this new agreement we get a fair financial saving combined with even better solutions and services,” he added.BNY Mellon described the public procurement process as having been “very focussed and detailed”.The contract will start in October, after the end of the ATP’s current custody agreement with US financial services firm Northern Trust — which it selected for the position in 2013 — and will last four years, with a possible renewal of up to two years.ATP said BNY Mellon currently manages $34.5tn under custody and administration with $1.8trn in assets under management, providing investment management services in 35 countries.