US - The California Public Employees' Retirement System (CalPERS) has dismissed its lawsuit against Fitch Ratings but will maintain its action against fellow ratings agencies Moody's and Standard & Poor's.
The lawsuit had accused the three companies of increasing the security rating of $1.3bn in debt from three investment funds in July 2009 (Global Pensions: 5 May 2010). Fitch will make no paymen...
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