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)
Steve Westly's CalPERS capers
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| Isaac Gorodetski Project Manager, Center for Legal Policy at the Manhattan Institute igorodetski@manhattan-institute.org |
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| Laura Eyi Press Officer, Manhattan Institute leyi@manhattan-institute.org |



