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Forstmann Little & Co. Pays $15 Million to Settle Connecticut Pension Fund Litigation
Following the jury verdict in favor of the state, but assessing no damages, the parties have settled for $15 million.
The state had claimed that the investment advisor improperly invested state pension money in two risky telecommunication companies.
Source: National Law Journal, September 27, 2004
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Sponsored by James J. Eccleston, an attorney representing stockbrokers, financial planners and
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