California AG Brown to announce massive lawsuit against major bank for defrauding CalPERS and CalSTRS

Attorney General Jerry BrownBrown to Unveil Whistleblower Case Against Bank for Massive Fraud Against CalPERS and CalSTRS

Oakland – At a news conference on Tuesday at 10:00 a.m., Attorney General Edmund G. Brown Jr. will unveil a lawsuit against a major institutional bank for committing massive fraud against California’s two largest pension funds, CalPERS and CalSTRS.

The lawsuit seeks to recover nearly $200 million in illegal overcharges and penalties.

Date: Tuesday, October 20, 2009
Time: 10:00 a.m.

Location:
Attorney General’s Office – 20th Floor Conference Room
1515 Clay Street
Oakland , CA 94612

Note: Crews should arrive no later than 9:45 to allow adequate time to pass through security.

You may view all News & Alerts on our website at: http://ag.ca.gov/newsalerts/

Please visit the remainder of the Attorney General’s site at: http://ag.ca.gov/

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