PRESS RELEASE: FAC Suit Against CalPERS Seeks Records on Controversial E Palo Alto Real Estate Investment
FAC—Monday July 19—The First Amendment Coalition (FAC) today announced that it has sued CalPERS, the retirement system for California government workers, over access to records about the agency’s ill-fated investment in an East Palo Alto residential real estate development that has gone bust–at a loss to CalPERS of all of its $100 million stake in the controversial venture. FAC, a nonprofit based in San Rafael, CA, filed suit Friday in San Francisco Superior Court, demanding