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California Says Bank Fleeced Pension Funds

State seeks $200M from State Street Bank of Boston

By Nick McMaster,  Newser Staff

Posted Oct 20, 2009 5:11 PM CDT

(Newser) – California sued a Boston bank today and accused it of ripping off $56.6 million from two state pension funds. It wants all that money back, plus another $150 million in penalties. Attorney General Jerry Brown accused State Street Bank of "unconscionable fraud" and...   Read full story »

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