US - The Florida State Board of Administration (FSBA), which runs the $100bn Florida Retirement System (FRS), has settled its lawsuit with Vesta Insurance, after the insurer offered to make substantial corporate governance changes and pay $61m to its shareholders.
The FSBA, which acted as one of the lead plaintiffs, agreed to settle the lawsuit after Vesta agreed to pay $61m to shareholders and arrange the majority of its board to be made up of independent d...
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