COLUMBIA, Mo. – A California judge, as a result of litigation backed by the Knight FOI Fund, has ordered the state’s pension fund to release records about a $100 million real estate investment loss.Read the rest here.
Judge Charlotte W. Woolard of the San Franicsco Superior Court, in a six-page writ signed on Tuesday, September 14, ordered the California Public Employees' Retirement System (CalPERS) to release records regarding its investment in Page Mill Properties, a controversial East Palo Alto low-income housing development. (You can read the ruling here (312 KB).
CalPERS, the largest public pension fund in the country, lost all of its $100 million stake in the development, but refused to disclose records regarding its investment or the business arrangement surrounding it.
The First Amendment Coalition (FAC), a California-based member organization of the National Freedom of Information Coalition (NFOIC), sued CalPERS in July and was awarded a $3,200 Knight Fund grant by NFOIC to help with its legal expenses in that suit.
Friday, September 17, 2010
NFOIC Knight FOI Fund supports victorious transparency case involving California pension fund investments