CalPERS Receives $12.7M Settlement Over Investments
On Monday, CalPERS announced that the accounting firm Ernst & Young has agreed to pay the pension fund $12.75 million in a settlement over a bond assessment. CalPERS took legal action against the firm in 2011 claiming that it made false statements about the financial viability of some Lehman Brothers stocks and bonds.
- "CalPERS Wins $12.75M Settlement Against Ernst & Young" (Anderson, Sacramento Business Journal, 5/5).