US - A group of Pennsylvania pension funds have received a US$23m cash settlement with Time Warner and its AOL subsidiary over allegations the companies issued misleading financial statements that led to the funds paying artificially inflated prices for their securities.
The funds - US$57.1bn Pennsylvania Public School Employees’ Retirement System (PSERS), the $29bn Pennsylvania State Employees’ Retirement System (SERS), the State Workers’ Insurance Fund and the T...
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