Calif. sues bank, alleges more than $...

Calif. sues bank, alleges more than $200M in fraud

There are 2 comments on the Monterey County Herald story from Oct 20, 2009, titled Calif. sues bank, alleges more than $200M in fraud. In it, Monterey County Herald reports that:

California Attorney General Jerry Brown accused State Street Bank and Trust Co. of "unconscionable fraud" on Tuesday, claiming in a lawsuit the firm had bilked the state's largest pension funds of more than $200 million.

Join the discussion below, or Read more at Monterey County Herald.


Salinas, CA

#1 Oct 20, 2009
i heard that this lawsuit has no basis and the state govt tried to get money from state street but they said the govt filed false lawsuit

Seaside, CA

#2 Oct 21, 2009
Calpers was investing retirement money in foreign currency transactions? It sounds to me like Calpers ought to be investigated.

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