+1 Lawsuit. Dallas Pension 2017.

Add another lawsuit to the growing litigation list concerning Dallas pension. The details on the new law suit:

• 4 Dallas Council Members, who are also trustees on the police and fire pension board, sued
• The goal of the lawsuit: put an indepdent controller in charge of the pension fund to prevent liquidation of the fund
• The catalyst for the lawsuit: the pension board is allegedly “preparing to sell off its assets to allow payments to flow to pensioners with DROP accounts”
• This new legal action is rolled into the suit Mayor Rawlings filed

D Magazine | Dallas Council Members Sue to Wrest Control of Pension Assets From Board

Southeast Texas Record | Mayor’s office clarifies lawsuit in police-fire pension matter