BUSINESS

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

08/15/2009 05:12 am ET | Updated May 25, 2011

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.

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