Ohio Attorney General Sues Facebook to Recover $100M for State Retirement System

The Ohio Public Employees Retirement System claims Facebook violated federal securities law and purposely misled the public in a lawsuit filed to recover investor losses of more than $100 billion, Ohio Attorney General Dave Yost said.

The lawsuit Yost filed on behalf of the state retirement system and Facebook investors says Facebook boss Mark Zuckerberg and other company officials knew they were making false statements regarding the safety, security and privacy of its platforms.

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Retired Ohio Public Workers Receive Massive Cuts to Health Care Benefits Starting in 2022

Following a year in which stock markets posted healthy gains, the organization running Ohio’s public employee benefits is cutting back — a lot.

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