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Fri October 23, 2009
Lawsuit: NM Brokers Evading Justice
By KRWG News
New Mexico – A former investment officer for a state educational pension fund says a politically connected Santa Fe broker and his father are dodging a whistleblower lawsuit alleging improper political pressures on investment decisions.
Marc Correra, and his father, Anthony Correra, are defendants in a lawsuit brought by Frank Foy earlier this year seeking to recover money on behalf of the state for losses on pension fund investments.
Foy's lawyer told a state district court on Thursday the Correras have not personally been served with a required summons about the lawsuit despite efforts to locate them since May.
Foy's lawyer says Marc Correra appears to have left the country. The broker's attorney declined comment.
Copyright 2009 The Associated Press.