A transparency group and an association of New Mexico newspapers want the state Supreme Court to revisit whether a State Investment Council subcommittee can meet behind closed doors to settle lawsuits.
The state subcommittee has settled cases for a total of $30 million in connection with millions of dollars in "finder's fees" paid out to people close to then-Gov. Bill Richardson. The practice resulted in huge losses to the investment council and teachers' pension fund, which the settlement talks seek to recover.
The funds are being held in escrow while the case plays out. An investment council spokesman said public discourse could eliminate any return for state taxpayers.
The New Mexico Foundation for Open Government and the New Mexico Press Association want those settlements voided.
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Information from: Albuquerque Journal, http://www.abqjournal.com
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