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Fitch, NYC Funds Settle National Century Claims

Law360 (February 13, 2009, 12:00 AM EST) -- Securities rating agency Fitch Inc. has reached a settlement with three New York City employee pension funds over its role in the collapse of health care lender National Century Financial Enterprises Inc.

Fitch and the funds — New York City Employees' Retirement System, Teachers' Retirement System for the City of New York, New York City Police Pension Fund and New York City Fire Department Pension Fund — filed a stipulation of dismissal with prejudice of all claims between them on Thursday in the U.S. District Court...
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