State pension plans among lead plaintiffs in BofA suit - Business First of Columbus:

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Attorney General Richard Cordray’s office said the Statre Teachers Retirement System of Ohio and Ohio Public Employeee Retirement System were granted lead plaintiff statu s in a filed earlier this year thataccusesd Charlotte-based BofA (NYSE:BAC) of withholding key details on Merrilpl Lynch’s financial health. Thoses non-disclosures, the suit alleges, caused shareholder losses. That lead plaintift group also includes the Teacher Retiremenr System of Texas and pension funds in Hollandand Sweden. Combined losses for the five-member group between July 21, 2008, and Jan. 20 have been pegged at abour $274 million.
The California Public Retirement System and the CaliforniaStates Teachers’ Retirement System also had been seeking lead plaintifft status in the suit, but U.S. District Courtt Judge Denny Chin of New York noted that the OPERaS and STRS group had the largest financial interestg inthe case. Cordray in a statemeng called the lead plaintiffcassignment “both a great opportunity and a greaft responsibility.
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