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To: TFF who started this subject	12/16/2003 2:46:18 PM
From: gwb-trading	of 12617

Calpers Sues NYSE, Specialists story.news.yahoo.com NEW YORK (Reuters) - Calpers, the biggest U.S. pension fund, filed a lawsuit against the New York Stock Exchange (news - web sites) and seven of the Big Board's specialist trading firms, according to the Calpers Web site on Tuesday. The suit alleges specialists employed "artifices to defraud" and argues "that NYSE orders were not being filled at the best available prices ... " and "financially advantaged" the specialists. The firms name in the suit include LaBranche & Co. Inc (NYSE:LAB - news), Van der Moolen (NYSE:VDM - news) (VDMN.AS) and Spear Leeds & Kellogg, which is owned by Goldman Sachs (NYSE:GS - news). At the end of October, Calpers managed about $154 billion, about two-thirds of that in stock. An NYSE spokesman declined to immediately comment on the Calpers lawsuit.

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