Aldus, Investors End Fight Over Pay-To-Play Claims

Law360, New York (October 4, 2010, 5:16 PM EDT) -- Beneficiaries of a New Mexico pension fund have settled claims against Aldus Equity LLC in a putative breach of contract and fraud class action alleging Aldus advised the state's retirement board to make risky investments for its own political gain.

Donna J. Hill and Yolanda Chacon-Valle, who sued on behalf of beneficiaries of the state's Educational Retirement Fund, and Aldus filed a stipulated notice of dismissal Friday in the U.S. District Court for the District of New Mexico.

The fund alleged that Aldus, Vanderbilt Capital Advisors...
To view the full article, register now.