The labor lawyers that migrate to advising public funds regarding investment matters are courted by class action lawyers that offer to pay enormous referral fees if the public funds they represent join in class actions.
The labor lawyers that migrate to advising public funds regarding investment matters are courted by class-action lawyers that offer to pay them enormous referral fees if they line up public funds as class-action plaintiff clients.
Over the past year we have met with trustees of many of these fundsadvising them of our preliminary findings, as well as reviewing investment performance reports prepared by their broker- consultants.