April 07, 2006

Those who've followed the Manhattan Institute's Trial Lawyers, Inc. series are aware of just how we feel about corruption in California's state employee pension funds, CalPERS and CalSTRS (see here; see also here). Now it looks like Steve Westly, the state controller and candidate for governor (whom we called out in Trial Lawyers, Inc.: California), is in a bit of hot water over his involvement in pushing CalPERS to invest in a company whose politically connected partners raised a half million for his campaign war chest. Looks like the trial lawyers aren't the only ones who can play this game. (Hat tip: Professor Bainbridge)