Its losses included common stock worth $40 million; "stock in a different portfolio, some bonds and a separate investment in New Power Co." worth $100 million; and $4 million from the liquidation of Enron’s JEDI II project (i.e., CalPERS had paid 5 million for its stake but received only $171 million in return).
Two of California’s biggest retirement agencies will get $10 million in civil penalties from Goldman Sachs as part of a settlement with the federal government in a fraud case.CalPERS, California.
4 Good Reasons to Not Get a Mortgage Online Applicants with good credit can get approved for credit. Then there are other reasons when paying with credit isn’t better, and they have to do with you and your spending habits. Using a credit.
6/22/12 Timothy S. Durham, 49, former CEO of Fair Financial Company, convicted of one count conspiracy to commit wire and securities fraud, 10 counts of wire fraud, and one count of securities fraud. 6/22/12 James F. Cochran, 56, former chairman of the board of Fair, convicted of one count of conspiracy to commit wire and securities fraud, one.
Nationally, the settlement totals .65 billion including cash and credit for consumer relief. California will recover $300 million in damages, which will reimburse the state’s pension funds, CalPERS and CalSTRS, for losses on investments in mortgage-backed securities of Bank of America and its affiliates.
The dust is still settling after the suite of mortgage-backed securities fraud cases that backed the 2008 global financial crisis, the legal implications of which are being highlighted again in a recent settlement between Morgan Stanley and the california public employees’ retirement System (CalPERS) and the California State Teachers’ Retirement System (CalSTRS).
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In 2015, As You Sow embarked on a mission to identify and report on the most overpaid CEOs of the S&P 500 and whether or not pension funds and financial managers held companies accountable for such excessive compensation.
Home values are only rising faster in three cities than they are in Charlotte was the third highest of eight regional competitor cities. Residential land prices have risen in Charlotte, but they have risen much faster in many regional and national competitor cities. Among the regional competitors, Charleston has residential land prices roughly double that of Charlotte, , and a residential land growth rate that
Q What help is there for investors who bought the misrepresented securities? A The balance – $102.7 million – will be paid to the state’s two large employee pension funds, CalPERS and CalSTRS. this.
Attorney General Kamala D. Harris Files Suit Against Morgan Stanley Over False Claims and Securities Violations. As a result of that investigation, Attorney General Harris has to date recovered over $900 million for California’s public pension funds in settlements with three banks and a credit rating agency over misrepresentations in connection with structured finance investments sold to CalPERS and CalSTRS.
California pension funds picked up $299 million. settlement with JPMorgan Chase over the crappy mortgages the bank wrapped into suspect securities and sold as quality investments. California Public.