No government immunity for pension fund trustees
"A class action suit seeking to hold the Detroit General Retirement pension fund (DGR) trustees accountable for their investment decisions has been approved in what is said to be a precedent setting case.
Wayne County Circuit Court judge Amy Hathaway has certified a class action filed on behalf of over 9,000 pension plan participants and beneficiaries alleging the responsibility of several present and former DGR trustees' for losses of over US$100m."
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