Our column in Thursday’s Bee updates what’s happening with the lawsuit against CalPERS – and now its individual board members – over the organization’s administration of long-term care policies sold from 1995 to 2004.
We’ve received several calls for more information about the litigation, including questions from policyholders who want to be included in the lawsuit. Since the lawsuit is aiming for class-action status, plaintiff’s attorney Stuart Talley told us, there’s nothing that policyholders need to do to join. If the case proceeds, policyholders will be contacted at the appropriate time.
Click here to open a website that set up by the law firms that filed the lawsuit. The site includes a Q&A page that addresses all of the questions we’ve been hearing from readers. We’ve also embedded the court documents that informed Thursday’s column. Mobile platform users can read them by touching this link to read CalPERS’s argument to throw out the case and this link to view the amended lawsuit that CalPERS will rebut next week.