CalPERS and Moody's settle for $130 million
The California Public Employees' Retirement System (CalPERS) has settled with Moody's for a record US$130 million for its erroneous ratings of structured investment vehicles prior to the Global Financial Crisis.

Read more: USMoodyCalifornia Public EmployeesGlobal Financial CrisisRetirement SystemGeneral Counsel for CalPERSMatthew JacobsCollateralised DebtPoorS&PStandardsubprime Residential Mortgage-Backed Securitie
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