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Litigation

Mar. 12, 2016

Moody's to pay CalPERS $130M for junk ratings

The settlement brings the pension fund's recovery of 2008-era investment losses to $1.2 billion.

By America Hernandez
Daily Journal Staff Writer

The California Pension Employees' Retirement System has recovered $1.2 billion so far from suits related to investor losses during the 2008 crash, the latest addition coming from this week's settlement with Moody's Investor Services Inc.

While a complete total of investment losses attributable to the financial crisis was not available, CalPERS did report it lost $1.3...

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