Archive for June 28th, 2017

CalPERS Court Loss a Big Hit on Taxpayers


Wednesday June 28th, 2017   •   Posted by K. Lloyd Billingsley at 9:23am PST   •   0 Comments

The U.S. Supreme Court has dismissed a lawsuit by California’s public employee retirement system against investment banks that supposedly “duped” them into buying some $700 million of stock. CalPERS, the nation’s largest pension trust fund, could have joined a class-action with others but declined to do so. Then CalPERS missed the three-year statute of...
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