{"id":36175,"date":"2014-08-24T23:45:00","date_gmt":"2014-08-24T21:45:00","guid":{"rendered":"http:\/\/beta.next-finance.net\/news\/calpers-to-recover-millions-in-bank-of-america-settlement\/"},"modified":"2014-08-24T23:45:00","modified_gmt":"2014-08-24T21:45:00","slug":"calpers-to-recover-millions-in-bank-of-america-settlement","status":"publish","type":"post","link":"http:\/\/beta.next-finance.net\/en\/news\/calpers-to-recover-millions-in-bank-of-america-settlement\/","title":{"rendered":"CalPERS to Recover Millions in Bank of America Settlement"},"content":{"rendered":"<p>This recovery would put CalPERS, total recovery on losses sustained from investments in mortgage-backed securities at more than $500 million.<\/p>\n<p><em>&#8220;This settlement is another victory for our members and their families,&#8221;<\/em> said Henry Jones, Chair of CalPERS Investment Committee. <em>&#8220;By holding Bank of America accountable for its actions it returns hard earned money our members and employers contributed to the system.&#8221;<\/em><\/p>\n<p>Bank of America came under federal criminal investigation over its role in the 2008 financial crisis due to its misrepresentation of mortgage-backed securities it sold along with those sold by Merrill Lynch and Countrywide Financial, two companies it acquired in 2008.<\/p>\n<p><em>&#8220;We are pleased with the continued leadership the U.S. Department of Justice and the California Attorney General have taken on this issue to protect us, our members and other investors,&#8221;<\/em> said Jones.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The California Public Employees\u2019 Retirement System (CalPERS) is poised to get back up to $250 million in damages from Bank of America in a federal investigation settlement announced today by California Attorney General Kamala Harris.<\/p>\n","protected":false},"author":20,"featured_media":36173,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1470],"tags":[1655,1651,1437,2094,2007],"_links":{"self":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/36175"}],"collection":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/comments?post=36175"}],"version-history":[{"count":0,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/36175\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media\/36173"}],"wp:attachment":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media?parent=36175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/categories?post=36175"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/tags?post=36175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}