Published: 7/18/2012

Ohio pension funds join lawsuit against Chase

BLADE STAFF AND NEWS SERVICES

COLUMBUS -- Ohio's public pension funds, which lost $27.5 million as a result of JPMorgan Chase's $5.8 billion investment failure, have joined litigation filed by Attorney General Mike DeWine.

The Ohio Public Employees Retirement System, the School Employees Retirement System of Ohio, and the State Teachers Retirement System of Ohio filed along with public-pension funds in Oregon and Arkansas and a Swedish national pension fund.

The motion was filed in U.S. District Court for the Southern District of New York.

"The filings allege that pension-fund managers acting on behalf of Ohio retirees were given false and misleading information by JPMorgan Chase … " Mr. De Wine said in a statement.

Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Related stories