November 23, 2009

An "uproar" has broken out over the state employee pension fund's prospective hiring of lawyers to file securities suits. "At least six firms from around the country have been courting the board of the Missouri State Employees Retirement System, or MOSERS, for more than a year. One of the firms, Labaton Sucharow LLP of New York, hired state Sen. Jason Crowell, R-Cape Girardeau, as 'liaison counsel' in a securities fraud case pending in St. Louis, according to court documents filed in February. Crowell, an attorney, is also one of the 11 members of the MOSERS board." [St. Louis Post-Dispatch] Earlier on Labaton Sucharow in Massachusetts, Mississippi, New Mexico, etc.