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.
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