Add a new comment

CalPERS to Recover More than $300 Million from Standard & Poor’s in Investment Ratings Settlements

The California Public Employees’ Retirement System (CalPERS) is poised to receive approximately $301 million in damages from Standard & Poor’s (S&P) and parent company McGraw-Hill Financial, the result of settlements in cases against S&P that stemmed from its rating of mortgage-backed and other securities prior to the financial crisis.