Calpers Sues Moody's, S&P, Fitch Over Ratings Of Shoddy Assets

Posted: Updated:

SACRAMENTO -- The nation's largest public pension fund has filed suit in California state court in connection with $1 billion in losses that it says were caused by "wildly inaccurate" credit ratings from the three leading ratings agencies.

Get HuffPost Business On Facebook and Twitter!

Read the whole story at nytimes.com

Around the Web

Welcome to CalPERS On-Line

CalPERS - Wikipedia, the free encyclopedia

AIG Shows Why We Need the Employee Free Choice Act

Public Employee Pensions in 2007: Data from the Census of Governments

Progressive Victory: Bank of America's Ken Lewis Out as Chairman