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Oregon's high court to decide PERS case

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High Five
Thursday, December 08, 2011

The Oregon Supreme Court will decide whether the state will get a chance to recoup $10 million lost by the public-pension fund after it bought stocks from one of the largest providers of insurance and brokerage services.

The justices heard arguments Wednesday from lawyers for the Oregon Department of Justice, which represents the state treasury and overseer of the fund, and for the New York firm of Marsh and McLennan.

The court has no deadline, but justices typically issue a written decision six to nine months after hearing arguments.

Read more in today's Statesman Journal.

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