FRESNO, Calif.—Fresno County's employee pension program has filed a lawsuit against a leading international liquor producer whose plunging stock price hurt the program's investments.

The Employees' Retirement Association is suing the Central European Distribution Corporation alleging that misstatements artificially inflated the company's stock price.

The Fresno County association is also suing Facebook, Toyota Motors and Countrywide Financial Corp., among others, over stock price drops.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.