June 2, 2010 6:57 AM

California state pension fund upset by Goldman Sachs' SEC probe silence

Goldman Sachs Group, already facing a big Securities and Exchange Commission lawsuit, may be in hot water with CalPERS. The pension fund said Tuesday it will ask Goldman why it didn't disclose the existence of the SEC's investigation while the big Wall Street investment bank was seeking business from the California Public Employees' Retirement System.

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