1.0 link 233884 http://www.huffingtonpost.com/les-leopold/calpers-sues-rating-agenc_b_233884.html "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.... Calpers maintains that in giving these packages of securities the agencies' highest credit rating, the three top ratings agencies -- Moody's Investors Service, Standard & Poor's and Fitch -- 'made negligent misrepresentation' to the pension fund, which provides retirement benefits to 1.6 million public...]]> 2009-08-15T05:12:00-04:00