New York's Biggest Pension Announces $4.25 Million Settlement

State Comptroller Thomas P. DiNapoli, trustee of the $132.8 billion state and local employee retirement fund, asserted that the New York State Common Retirement Fund was misled about the extent of Merrill Lynch’s participation in the subprime mortgage mess. 

US Judge Throws Out Lawsuit by Pensions Against RBS

A majority of claims, dating from early 2009, against the Royal Bank of Scotland have been dismissed by a US judge on the precedent that investors cannot use federal courts to raise fraud claims over the purchase of foreign securities.