S&P Paying $125M To End CalPERS Suit Over $1B Losses

By Kurt Orzeck (February 2, 2015, 11:01 PM EST) -- Standard & Poor's Financial Services LLC has agreed to pay $125 million to end the California Public Employees' Retirement System's state suit alleging the credit rating agency helped cause $1 billion in retirees' investment losses, according to an individual familiar with the litigation....

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