LA Times:
The California Public Employees' Retirement System, which owns 1.8 million shares in the investment bank, said it intended to question executives at an upcoming meeting to discuss the way they operate.
The giant government pension fund, which owns 1.8 million shares in the investment bank, says it intends to question executives at an upcoming meeting to discuss the way they operate.
Reporting from Sacramento — Officials at the country's largest government pension fund on Monday said they were "disturbed" about a federal lawsuit contending that investment bank Goldman, Sachs & Co. defrauded investors with mortgage-backed securities that allegedly were set up to fail.
The lawsuit also pointed out the need for increased federal regulatory oversight of the securities industry, the officials said.
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