Key Takeaways
- • Retirees whose pension plans lost millions after the collapse of Allianz SE's Structured Alpha funds settled their claims against investment adviser Callan LLC, according to Bloomberg Law, resolving the case's last remaining defendant.
- • The settlement was announced Wednesday, May 13, 2026, in the US District Court for the Western District of Washington, following an earlier settlement by the Carpenters of Western Washington Board of Trustees with plan trustees.
- • Neither settlement's terms are publicly available, and the retirees plan to file their agreement with Callan for court approval by July.
Summary
Retirees claiming their pension plans lost millions of dollars following the collapse of Allianz SE's Structured Alpha funds have settled with investment adviser Callan LLC, according to Bloomberg Law. The proposed deal was announced Wednesday in the US District Court for the Western District of Washington and resolves claims against the case's last remaining defendant.
The settlement follows an earlier agreement reached this month between the Carpenters of Western Washington Board of Trustees and plan trustees. Callan had previously announced a deal with those trustees before settling directly with the retirees.
Neither the terms of the Callan settlement nor those of the trustee settlement are publicly available at this time. The retirees said they plan to file their agreement with Callan for court approval by July. The source article was truncated, so further details on damages, settlement amounts, or the specific allegations against Callan are not included in this summary.
The settlement follows an earlier agreement reached this month between the Carpenters of Western Washington Board of Trustees and plan trustees. Callan had previously announced a deal with those trustees before settling directly with the retirees.
Neither the terms of the Callan settlement nor those of the trustee settlement are publicly available at this time. The retirees said they plan to file their agreement with Callan for court approval by July. The source article was truncated, so further details on damages, settlement amounts, or the specific allegations against Callan are not included in this summary.
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