In the first of what is expected to be a series of suits, here is a pension fund going after Banks who feel that their investments have been compromised by failure to prevent mortgage related losses.

FT.com / In depth – Investor group attacks banks over subprime

Union-backed CtW Investment Group, whose affiliated pension funds have over $200bn (£99.5bn) under management, is expected to launch its first attack on Morgan Stanley, and follow up with campaigns against some of the banks with the largest subprime-related writedowns, including Citigroup, Merrill Lynch, Bank of America, Washington Mutual and Wachovia