What I found interesting in this story is that CAL-PERS is suing bank of america. A little insight on CAl-PERS: they are one of the most admired investment groups in the world. At the height of the market, their holding amounted to almost 1% of the entire market. I think they have some clout....

http://news.yahoo.com/s/ap/20090324/ap_on_bi_ge/bank_of_america_shareholder
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