Kentucky Retirement System

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’

By | 2018-01-28T04:32:08+00:00 January 3rd, 2018|Cases, Complex Litigation, Securities Fraud and Corporate Governance|Comments Off on Kentucky Retirement System