Litigation
Aug. 8, 2013
CalPERS sued over management of fund for long-term care insurance
A class action suit filed Tuesday alleges that California Public Employees' Retirement System badly mismanaged a $3.6 billion fund for long-term care insurance.
By Chase Scheinbaum
Daily Journal Staff Writer
A class action suit filed Tuesday alleges that California Public Employees' Retirement System badly mismanaged a $3.6 billion fund for long-term care insurance, leaving its policyholders with two bad choices: Either pay hiked-up rates or abandon policies they have paid into for two decades. The lawsuit, filed in Los Angeles County Superior Court, names two plaintiffs, Elma Sanchez and Holly Wedding, and asserts that the class ...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$895, but save $100 when you subscribe today… Just $795 for the first year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In