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CaIPERS decided on Monday to review the potential impact of reinvesting in tobacco. The move comes 16 years after the pension fund dropped the controversial asset from its portfolio.

The beneficiaries for the $3.5 million claim in the Aliso Canyon methane leak blamed Governor Jerry Brown for not upholding the government's policies. The incident was considered as one of the worst gas leak in the history of the country.

New York federal judge has cleared a way for Pacific Investment Management Co. to pursue lawsuit against AIG in California. Meanwhile, Pimco also faced another legal battle with former co-founder Bill Gross.