SC attorney general, treasurer clash on lawyers
Headline News
South Carolina's treasurer and attorney general are clashing over a plan to use law firms to review state pension fund investments for fraud and underscoring a soured relationship for top Republicans.
Attorney General Alan Wilson said Wednesday that fellow Republican Curtis Loftis had supported that proposal before an about-face during the past month. The state's pension plans had nearly $19 billion in investments, according to the last formal financial report.
Meanwhile, Loftis released a statement asserting his authority over issues with retirement funds and questioned whether lawyers were needed because he has "extensive monitoring and other resources" in place to watch over pension funds.
"Like many Treasurers across the country I am the custodian of the state's funds," Loftis said. "We closely monitor these funds to make sure they are well protected."
Earlier this year, Loftis told legislators he needed authority to spend more money to monitor taxpayer money. And Legislators gave him temporary authority to choose lawyers for his office's outside legal work, a move Republican Gov. Nikki Haley vetoed with Wilson's backing.
On Wednesday, The State newspaper in Columbia reported that Wilson's 2012 campaign received $12,000 in contributions from partners in Labaton Sucharow of New York, one of the firms that would review investments.
Related listings
-
Former Kansas AG Six joins Missouri law firm
Headline News 09/15/2011Former Kansas Attorney General Steve Six has joined a law firm in Kansas City, Mo., as a partner. The firm of Stueve Siegel Hanson LLP announced Wednesday that Six will work in its commercial litigation, public client and personal injury practices. S...
-
Calif. gay marriage ban faces next legal hurdle
Headline News 09/06/2011California's same-sex marriage ban faces its next legal test Tuesday when the state's highest court attempts to shed light on whether the voter-approved measure's backers have legal authority to appeal the federal ruling that overturned Proposition 8...
-
A Court Cannot Exclude Evidence Because It Is Self-Serving
Headline News 08/31/2011In Reed v. City of Evansville, _ N.E.2d _ (Ind. Ct. App. 2011), Cause No. 82A05-1012-PL-768, Evansville sought to have some of the evidence the Reeds submitted in opposition to the City's motion for summary judgment because it was "self-serving." Tod...
New Rochelle, New York Personal Injury Lawyers
If you or a loved one has been injured in an accident, contact Kommer, Bave & Ollman, LLP, in New Rochelle, New York, immediately. We can answer all your questions and work with you to determine if you have the grounds for a personal injury lawsuit. The attorneys at our firm are determined to resolve even the most difficult of cases. We will work closely with you to determine the best course of action to get your claim or case resolved in the most efficient way possible. We will fight for your right to compensation! No one should have to suffer a financial burden from the result of another person’s carelessness. The attorneys at Kommer, Bave & Ollman, LLP will aggressively fight to ensure that justice is served on your behalf.