A class action shareholder lawsuit with Fannie Mae and accounting firm KPMG that had "two of Ohio's largest public retirement systems" as class members and lead plaintiffs – State Teachers Retirement System of Ohio (STRS) and the Ohio Public Employees Retirement System (OPERS) – reached a $153 million settlement in May, Columbus Business First reports. A complaint was filed in 2004 alleging these companies were "involved in issuing false and misleading financial reports in violation of federal securities laws," a press release from Ohio Attorney General Mike DeWine said. Each company will pay half of the settlement, with an undisclosed portion going to the two retirement systems, the article said. For more, read the full story and press release.
Two large Ohio retirement systems will receive a portion of Fannie Mae's $143 million class action settlement
