Bank Defrauded Pension Funds, Suit Says
California Attorney General Jerry Brown filed a lawsuit Tuesday accusing a Boston bank of defrauding two of the state’s largest employee pension funds, the Los Angeles Times reports. According to the lawsuit, whistleblowers reported that State Street Corp. bilked California Public Employees’ Retirement System and California State Teachers’ Retirement System out of $57 million. The lawsuit seeks more than $200 million in damages and penalties.


