sued New Jersey - for securities fraud of all things! Apparently, every one in the state is a Tony Soprano.
In this the first lawsuit ever by the SEC against a state, the Administration settled with New Jersey for . . .$0. Moreover, all remedial actions had been taken by the state three years ago. Now that was an effective use of taxpayer money.
Makes you wonder who they'll sue next. Parents who defrauded their kids about Santa Clause?