A judge has ordered the Kentucky state pension agency to release a suppressed report about possible fraud in its controversial hedge fund investments, ruling that taxpayers deserve to see a report that cost them
“The public has paid
In 2020, the
Lawsuits claim multiple hedge fund dealers deceived KPPA
After initially stating that Calcaterra Pollack’s report would be shared with the public, the KPPA rejected requests from numerous people, including the
The KPPA cited a number of exemptions in the Open Records Act, including solicitor-client privilege and the work product doctrine, the confidentiality shield that documents generally enjoy if produced by lawyers for a possible trial.
But Franklin circuit judge
The KPPA waived attorney-client privilege when it shared the report last year with the
Shepherd, who reviewed the report privately, said much of it consisted of a collection of publicly available documents, including KPPA committee transcripts, internal KPPA investment records and articles. of newspapers – none of these were privileged.
“A compilation of facts cannot be channeled through attorneys to confer privilege on otherwise unprivileged records,” Shepherd wrote.
“In short,” he writes, “a comprehensive review of the Calcaterra Pollack report raises questions as to whether the purpose and intent of the report was to fully expose all relevant facts (and to determine whether the KPPA and its employees made mistakes), or whether the report was commissioned to cover up or downplay those mistakes in an effort to convince the (Attorney General) not to pursue claims that might prove embarrassing to current or former KPPA management.
The two plaintiffs who won the winning open case challenges were
In an interview on Thursday, Cohen said his client – a former pension system administrator
In his rulings, Shepherd said he observed what he called “a questionable tendering process” behind the KPPA’s award of the survey contract to Calcaterra Pollack.
Based on its review of KPPA records, he wrote, the law firm submitted two separate but “substantially identical” proposals for the work, the first of which was dated
The KPPA is responsible for providing pension benefits to over 400,000 state and local government employees and retirees.
Cameron wants to join the trial to
KY pension agency may join lawsuit for deception in
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