In 5-4 Decision, Supreme Court Rejects CalPERS Class Action Argument

Posted on 06/27/2017


A groundbreaking court decision may prompt investors such as endowments, pensions, and sovereign funds, to pay closer attention to future securities class-action cases in order to not miss out on financial recoveries. The U.S. Supreme Court issued a 5-4 decision on June 26, 2017, on the California Public Employees’ Retirement System v. ANZ Securities, Inc., […]