Billion-Dollar Settlement Netted Little for Retirees
It was hailed as one of the largest anti-trust, class-action settlements ever — nearly $2 billion to be paid to investors by some of the country’s major banks for allegedly fixing the financial markets. And right there near of the top of the list of victims of the alleged fraud was the Essex Regional Retirement System, the Danvers-based organization that manages $370 million in …
