CalPERS Duped Long-Term Care Policyholders, Suit Says

By Ciaran McEvoy (August 7, 2013, 5:51 PM EDT) -- The California Public Employees' Retirement Fund was hit with a putative class action on Tuesday in California state court, alleging it breached its contracts with more than 100,000 long-term care insurance policyholders by deliberately misleading them over the strength of its investment program....

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