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- The retirement and health benefits of 360,000 state workers, from police officers to janitors, depend on Kentucky's pension fund. The lawsuit in Franklin Circuit Court seeks damages from KKR Prisma, Blackstone Group and PAAMCO for losses on investments they recommended.
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EASTON, JUDGE: The Appellant, Kentucky Retirement Systems, now Kentucky Public Pensions Authority (“KPPA”),1 seeks relief from the Order of the Franklin Circuit Court, which reversed the Final Order issued by the Board of Trustees of 1 We will refer to the new name of KPPA even though actions reviewed were taken when the name was Kentucky ...
May 20, 2024 · In a nutshell, the case pits state pensioner Davids against hedge fund/private equity Goliaths in an action seeking damages “from some of the biggest names in finances,” based on alleged “breaches of fiduciary duty and other bad conduct in the sale and management of custom hedge funds” in relation to the woefully underfunded Kentucky ...
Dec 16, 2022 · The former chief investment officer of the Kentucky Public Pension Authority has filed a whistleblower lawsuit against the agency, alleging he was fired for bringing up concerns about improper...
Dec 16, 2022 · LOUISVILLE, Ky. (WDRB) -- A whistleblower lawsuit alleges millions of dollars in theft from Kentucky retirees. The lawsuit, filed Friday in Franklin Circuit Court, includes allegations of a...
- Stephan Johnson
Sep 6, 2022 · After a year and a half of open records request denials, the Kentucky Public Pension Authority finally released a 97-page report Tuesday from an investigation into controversial investments...
May 14, 2021 · The Kentucky Supreme Court last year sent back the original lawsuit — filed by retired state workers against the Wall Street hedge fund giants and former and current leadership of the...
Jul 24, 2020 · Kentucky Attorney General Daniel Cameron has revived and expanded a lawsuit accusing hedge fund managers and Kentucky Retirement System officials of mishandling the state’s troubled pension fund for public employees, which at 13 percent solvency is among the worst funded in the country.
