A Calpers board member from 1993 to 1995, Alfred Villalobos allegedly acted as a placement agent in helping Apollo Global Management to secure investments by Calpers in 2007 and 2008, prosecutors said.

Federico Buenrostro pleaded guilty to conspiracy to commit bribery.

The owners of New England Compounding Pharmacy Inc., the drug supplier blamed for a nationwide meningitis outbreak that killed 64, agreed to a settlement providing $100 million toward compensation for victims.

The Google Inc. shuttle buses that have become a focal point for social justice protests in San Francisco ought to be outlawed, a community group and a municipal employee union said in a lawsuit against the city.

In the Calpers case, S&P and Moodys base part of their arguments on a California law that they say protects them against retaliation for expressing opinions.

The California Public Employees Retirement System can challenge the legality of San Bernardino, Californias bankruptcy, the U.S. Court of Appeals in San Francisco ruled.

The complaint alleges that S&P used guesses and magic numbers to inflate ratings of mortgage-backed securities purchased by the California Public Employees Retirement System and the states teacher pension fund.

Humana Inc. was sued by a Missouri man who claimed the insurer raised premiums for him and other customers and then failed to respond to requests to cancel policies.