Attorney General Mark R. Herring announced today that the Commonwealth of Virginia has recovered more than $63 million collectively from eleven banks to settle allegations that the banks Deceived/Defrauded the Commonwealth of Virginia and the Virginia Retirement System (VRS) through the sale of allegedly misrepresented residential mortgage-backed securities. This is the largest non-healthcare-related recovery ever obtained in a suit alleging violations of the Virginia Fraud Against Taxpayers Act.