Litigation
Dec. 11, 2015
City pension fund suit headed to trial
A suit accusing two companies of mismanaging Los Angeles city employee pension funds may proceed toward trial, a judge ruled Wednesday.
Daily Journal Staff Writer
A suit accusing two companies of mismanaging the city of Los Angeles' pension funds may proceed to trial, a superior court judge tentatively ruled Wednesday.
The Los Angeles City Attorney's Office alleged that from 1999 to 2010, contractor Pension Consulting Alliance Inc. failed to advise that pension fund manager Northern Trust Corp. was investing money from the Los Angeles City Employees...
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