public pension fund

The Obama administration's former auto czar agreed Thursday to pay $6.2 million to settle civil charges over his role in an influence-peddling scandal involving New York state's public pension fund.

California's ethics panel fined a board member at the state's embattled public pension fund $4,000 for failing to file her annual economic disclosures on time.

The nation's largest public pension fund is suing the three Wall Street credit rating agencies, saying the firms lured the fund into bad investments.

The public pension fund has filed suit in California in connection with $1 billion in losses that it says were caused by “wildly inaccurate” credit ratings from the three leading ratings agencies.

New York state Comptroller Thomas DiNapoli says the state's massive public pension fund lost more than 26 percent on its investments during a fiscal year marked by Wall Street's meltdown and the recession.

The Carlyle Group, one of the nation's largest private equity funds, has agreed to pay $20 million over its role in a corruption scandal involving New York's public pension fund.

A California businessman has pleaded guilty to securities fraud in connection with an investigation of alleged corruption at New York's public pension fund.

The state contends that fraud and misrepresentation at the bank Lehman Brothers had caused the state’s public pension fund to lose $118 million.