On December 27, 2017, CGL and three other firms filed a massive derivative and taxpayer suit to protect the Kentucky Retirement System. The Plaintiffs in the case are participants in the plan; the Defendants include three large hedge fund sellers as well as advisors to the plan.

For more press:
• KKR, Blackstone Sued by Lerach Group Over Hedge Fund Returns
• Lawsuit: Retirement systems gambled on hedge funds, concealed its financial mess
• Public workers sue hedge funds, allege pushing pension system into risky deals
• KRS pensioners sue hedge fund giants, financial advisers and former leadership for crippling Kentucky’s pension system
• State Workers Suing Hedge Funds to Recover Pension Losses
• Lawsuit targets ‘black box’ hedge funds sold to Kentucky pension system
• Lawsuit Targets KRS Board Members, Hedge Funds
• Lawsuit seeking billions accuses KRS, hedge fund firms of ‘civil conspiracy’