US - A New Mexico judge has tossed out a former public pension manager's lawsuit to recoup at least US$90m in state funds lost through investments in mortgage- backed securities sold by a firm whose executives donated to Governor Bill Richardson's presidential campaign.
District Judge Stephen Pfeffer in Santa Fe dismissed the case brought by Frank Foy, a former chief investment officer for the state's Educational Retirement Board, saying in an April 28 decision th...
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